Jefferies Financial Group Cuts Fiserv (NASDAQ:FISV) Price Target to $60.00

Fiserv (NASDAQ:FISV) had its price objective cut by Jefferies Financial Group from $70.00 to $60.00 in a research report report published on Monday morning,MarketScreener reports. They currently have a hold rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on FISV. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Argus reaffirmed a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a report on Thursday, October 16th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Eleven 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 stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average price target of $121.08.

Fiserv Trading Up 0.1%

Shares of NASDAQ:FISV opened at $60.80 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.56 and a beta of 0.90. Fiserv has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a 50 day moving average price of $99.82 and a 200 day moving average price of $135.06.

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

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Several large investors have recently made changes to their positions in FISV. Activest Wealth Management boosted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC acquired a new stake in Fiserv during the second quarter worth about $34,000. Clear Street LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $34,000. Christopher J. Hasenberg Inc increased its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Institutional investors own 90.98% of the company’s stock.

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.