Fiserv (NASDAQ:FISV) Sets New 52-Week Low - Should You Sell?

Key Points

• Fiserv shares fell to a new 52-week low of $46.63, trading below both their 50-day and 200-day moving averages.
• Analysts have a consensus “Hold” rating and a $74.20 target price, though recent views range from “Strong Sell” to “Outperform.”
• Fiserv’s latest quarter fell short of expectations: EPS was $1.84 versus $1.91 expected, revenue was $4.96 billion versus $5.04 billion expected, and revenue declined 4.1% year over year.

Shares of Fiserv, Inc. (NASDAQ:FISV - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $46.63 and last traded at $46.67, with a volume of 777540 shares trading hands. The stock had previously closed at $47.19.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FISV shares. Barclays set a $52.00 target price on shares of Fiserv and gave the company an "equal weight" rating in a research note on Friday, August 7th. Morgan Stanley set a $59.00 price target on Fiserv in a report on Friday, August 7th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Zacks Research lowered Fiserv from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Finally, Truist Financial set a $53.00 target price on Fiserv and gave the stock a "hold" rating in a research report on Thursday, August 20th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.20.

Fiserv Price Performance

The firm has a market cap of $24.51 billion, a P/E ratio of 8.85, a P/E/G ratio of 4.71 and a beta of 0.80. The firm's fifty day simple moving average is $52.01 and its 200 day simple moving average is $54.48. 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 (NASDAQ:FISV - Get Free Report) last issued 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). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts forecast that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, Director Lance Fritz acquired 10,000 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares of the company's stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently bought and sold shares of the business. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Finally, Reflection Asset Management bought a new position in shares of Fiserv in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company's products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

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