Fiserv (NASDAQ:FISV) Stock Rating Upgraded by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald upgraded Fiserv to a "hold" and MarketBeat shows a consensus rating of Hold (10 Buys, 23 Holds, 2 Sells) with a consensus target price of $113.34.
• Fiserv recently missed quarterly estimates (EPS $2.04 vs. $2.64 expected; revenue $4.92B vs. $5.37B) and the stock trades around $66, well below its 12‑month high of $238.59 (50‑day MA $66.13; 200‑day MA $103.51).
• Insiders purchased stock in December (CFO bought 17,000 shares at ~$62.41; another insider bought 7,900 at ~$63.19), with insiders buying 34,900 shares (~$2.21M) in the last 90 days and institutional ownership around 90.98%.

Fiserv (NASDAQ:FISV - Get Free Report) was upgraded by analysts at Cantor Fitzgerald to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the company an "outperform" rating in a research report on Thursday, October 30th. Jefferies Financial Group upped their target price on Fiserv from $60.00 to $65.00 and gave the company a "hold" rating in a report on Wednesday, January 21st. Susquehanna reiterated a "positive" rating and issued a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Stephens set a $75.00 price objective on Fiserv in a report on Friday, January 16th. Finally, The Goldman Sachs Group lowered shares of Fiserv from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $113.34.

Fiserv Stock Performance

NASDAQ:FISV opened at $66.29 on Tuesday. The company has a 50-day moving average of $66.13 and a 200-day moving average of $103.51. The firm has a market cap of $36.03 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 3.85 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv has a twelve month low of $59.56 and a twelve month high of $238.59.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.64 by ($0.60). The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.30 earnings per share. Analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the business's stock in a transaction dated Monday, December 1st. The stock was acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company's stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 34,900 shares of company stock worth $2,211,971 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the 2nd quarter valued at about $34,000. Clear Street LLC bought a new position in Fiserv in the second quarter valued at $34,000. Sound Income Strategies LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $28,000. True Wealth Design LLC raised its stake in shares of Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider's stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Fiserv during the third quarter worth $30,000. 90.98% of the stock is owned by institutional investors.

Fiserv Company Profile

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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