Fiserv (NASDAQ:FISV) Director Acquires $519,500.00 in Stock

Fiserv, Inc. (NASDAQ:FISV) Director Lance Fritz bought 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fiserv Price Performance

NASDAQ FISV opened at $55.50 on Friday. The company has a 50-day moving average price of $51.47 and a 200-day moving average price of $56.32. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.42. 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 capitalization of $29.51 billion, a P/E ratio of 10.65, a PEG ratio of 3.88 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Institutional Investors Weigh In On Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of FISV. WFA of San Diego LLC purchased a new stake in shares of Fiserv during the second quarter worth about $55,000. Oakworth Capital Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv in the 4th quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in Fiserv in the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent research reports. B. Riley Financial decreased their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Citigroup restated a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. 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. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.17.

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.