Fiserv, Inc. (NASDAQ:FISV) Receives $74.17 Consensus PT from Brokerages

Shares of Fiserv, Inc. (NASDAQ:FISV) have been assigned a consensus rating of “Hold” from the thirty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twenty-five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $74.20.

Several equities analysts have issued reports on the company. Barclays set a $52.00 price target on Fiserv and gave the company an “equal weight” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Loop Capital dropped their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Citigroup reissued a “neutral” rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $53.00 price target (down from $62.00) on shares of Fiserv in a report on Wednesday, July 22nd.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Fiserv in the 4th quarter worth $3,507,063,000. Dodge & Cox acquired a new stake in Fiserv in the 4th quarter valued at $3,323,210,000. BlackRock Inc. bought a new stake in Fiserv during the 2nd quarter valued at $2,079,711,000. State Street Corp bought a new stake in Fiserv during the 4th quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC acquired a new position in Fiserv during the fourth quarter worth $854,215,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV stock opened at $52.58 on Monday. The firm has a market cap of $27.96 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.86 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $51.33 and a 200-day moving average price of $55.85. Fiserv has a 1-year low of $47.04 and a 1-year high of $140.09.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.04 billion. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Fiserv will post 7.27 earnings per share for the current year.

About Fiserv

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.