Fiserv (NASDAQ:FISV) Sets New 52-Week Low – Here’s What Happened

Fiserv, Inc. (NASDAQ:FISV) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $60.85 and last traded at $61.32, with a volume of 805934 shares. The stock had previously closed at $61.34.

Analyst Ratings Changes

Several research analysts recently commented on FISV shares. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price on the stock. in a report on Wednesday, October 29th. Finally, B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Eleven investment 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 company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $123.25.

Fiserv Stock Up 1.8%

The firm has a 50 day moving average of $105.63 and a 200-day moving average of $138.81. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The stock has a market capitalization of $33.07 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Large investors have recently modified their holdings of the stock. Vise Technologies Inc. acquired a new stake in Fiserv in the 2nd quarter valued at about $2,320,000. Sowell Financial Services LLC grew its stake in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Factory Mutual Insurance Co. increased its holdings in shares of Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. raised its position in Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC acquired a new position in Fiserv during the 2nd quarter worth $759,000. 90.98% of the stock is currently owned by 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.