Fiserv (NASDAQ:FISV) Stock Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• Fiserv shares rose above their 50-day moving average, reaching $50.91 before closing at $50.02 on volume of roughly 10.9 million shares.
• Analysts remain cautious: the stock has an overall “Hold” rating, with 19 holds, five buys and five sells, alongside a consensus price target of $60.38.
• Fiserv’s latest quarterly results fell short of expectations, with earnings per share of $1.84 versus $1.91 expected and revenue of $4.96 billion, down 4.1% year over year; institutional investors own nearly 91% of the company.

Fiserv, Inc. (NASDAQ:FISV - Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $48.64 and traded as high as $50.91. Fiserv shares last traded at $50.02, with a volume of 10,919,346 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FISV. Raymond James Financial reissued a "market perform" rating on shares of Fiserv in a report on Tuesday, July 7th. Barclays set a $50.00 target price on shares of Fiserv and gave the company an "equal weight" rating in a research report on Friday, October 9th. BMO Capital Markets set a $48.00 price target on shares of Fiserv and gave the company a "market perform" rating in a research note on Tuesday. Truist Financial set a $51.00 price objective on shares of Fiserv and gave the stock a "hold" rating in a research note on Friday, October 23rd. Finally, Susquehanna dropped 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, August 7th. Five equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.38.

Fiserv Trading Up 3.2%

The firm has a market capitalization of $26.60 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 4.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm's 50-day simple moving average is $48.64 and its 200 day simple moving average is $54.76.

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 for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The firm's revenue was down 4.1% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 7.25 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 27,207 shares of the company's stock, valued at $1,413,403.65. This represents a 58.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FISV. Handelsbanken Fonder AB lifted its stake in Fiserv by 16.9% in the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider's stock valued at $8,638,000 after buying an additional 25,477 shares during the period. Stanley Capital Management LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $6,159,000. Renaissance Technologies LLC grew its position in shares of Fiserv by 437.5% during the 1st quarter. Renaissance Technologies LLC now owns 668,227 shares of the business services provider's stock worth $37,287,000 after buying an additional 543,900 shares during the period. Paralel Advisors LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at $2,031,000. Finally, Bank of America Corp DE bought a new stake in shares of Fiserv in the 2nd quarter valued at $108,221,000. Institutional investors own 90.98% of the company's stock.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company's offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.

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