Fiserv's (FISV) "Equal Weight" Rating Reaffirmed at Stephens

Key Points

• Stephens reaffirmed its “equal weight” rating on Fiserv and set a $57 price target, implying approximately 9.4% upside from the stock’s $52.10 opening price.
• Analyst sentiment remains cautious: MarketBeat reports an average rating of “Hold” and an average price target of $74.17, with 26 holds, six buys, and three sells.
• Fiserv’s latest quarterly results fell short of expectations, with adjusted earnings of $1.84 per share and revenue of $4.96 billion; revenue declined 4.1% year over year.

Fiserv (NASDAQ:FISV - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Stephens in a report released on Tuesday,Benzinga reports. They presently have a $57.00 price objective on the business services provider's stock. Stephens' target price suggests a potential upside of 9.40% from the company's current price.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, June 12th. Susquehanna lowered their price objective on shares of Fiserv from $91.00 to $85.00 and set a "positive" rating for the company in a research note on Friday. Cantor Fitzgerald reiterated a "neutral" rating and set a $53.00 target price (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.17.

Fiserv Price Performance

FISV stock opened at $52.10 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.64 and a beta of 0.80. The company's fifty day simple moving average is $51.63 and its 200 day simple moving average is $56.61. Fiserv has a 12-month low of $47.04 and a 12-month high of $140.42.

Fiserv (NASDAQ:FISV - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv's revenue was down 4.1% on a year-over-year basis. On average, analysts expect that Fiserv will post 7.3 earnings per share for the current year.

Insider Activity

In related news, CFO Paul M. Todd purchased 10,060 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company's stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently bought and sold shares of the company. Vise Technologies Inc. purchased a new position in Fiserv during the second quarter worth about $448,000. Algebris UK Ltd. bought a new position in shares of Fiserv during the 2nd quarter worth approximately $10,070,000. Somerville Kurt F purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $1,062,000. Puzo Michael J purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $545,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Fiserv in the second quarter valued at approximately $123,000. 90.98% of the stock is owned by hedge funds and other 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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