Fiserv, Inc. (NASDAQ:FISV) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts rate Fiserv “Hold” overall: Of 35 brokerages, 26 recommend holding, six recommend buying and three recommend selling; the average 12-month price target is $74.17.
• Fiserv’s latest quarterly results fell short of expectations, with EPS of $1.84 versus the $1.91 consensus and revenue of $4.96 billion versus $5.04 billion expected. Quarterly revenue declined 4.1% year over year.
• Company insiders recently bought shares: CFO Paul Todd and Director Lance Fritz purchased roughly $500,000 and $519,500 worth of stock, respectively, while institutional investors own 90.98% of outstanding shares.

Fiserv, Inc. (NASDAQ:FISV - Get Free Report) has been given an average recommendation of "Hold" by the thirty-five brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, twenty-six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $74.1667.

A number of equities research analysts have issued reports on FISV shares. Barclays set a $52.00 price objective on shares of Fiserv and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Finally, Citigroup reissued a "neutral" rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company's stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FISV. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock worth $472,000 after acquiring an additional 116 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider's stock worth $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC acquired a new position in Fiserv in the 2nd quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL raised its position in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider's stock valued at $897,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $54.39 on Monday. The stock has a fifty day moving average price of $51.47 and a 200-day moving average price of $56.23. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 4.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv has a fifty-two week low of $47.04 and a fifty-two week high of $140.42.

Fiserv (NASDAQ:FISV - Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv will post 7.27 EPS for the current fiscal year.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.

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