Fiserv (NYSE:FI) Reaches New 1-Year Low - What's Next?

Fiserv, Inc. (NYSE:FI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $128.22 and last traded at $133.17, with a volume of 5075132 shares. The stock had previously closed at $165.98.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FI. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday. Stephens decreased their price objective on Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a report on Thursday. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a research note on Thursday. Finally, Monness Crespi & Hardt raised Fiserv from a "sell" rating to a "neutral" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $211.63.

Fiserv Stock Down 0.1%

The firm has a 50 day simple moving average of $165.52 and a two-hundred day simple moving average of $195.37. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.10. The stock has a market cap of $77.61 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC grew its stake in Fiserv by 1.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,961 shares of the business services provider's stock valued at $2,235,000 after acquiring an additional 191 shares in the last quarter. Matrix Asset Advisors Inc. NY purchased a new position in Fiserv during the 2nd quarter worth $1,674,000. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of Fiserv by 22.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 8,321 shares of the business services provider's stock valued at $1,435,000 after purchasing an additional 1,505 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Fiserv by 16.2% during the second quarter. Fifth Third Wealth Advisors LLC now owns 8,745 shares of the business services provider's stock worth $1,508,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Bey Douglas LLC grew its holdings in shares of Fiserv by 33.7% during the second quarter. Bey Douglas LLC now owns 43,174 shares of the business services provider's stock worth $7,444,000 after buying an additional 10,891 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.