Fiserv (NASDAQ:FISV) Downgraded by Northcoast Research to Neutral

Fiserv (NASDAQ:FISV) was downgraded by Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Other analysts have also issued reports about the company. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research report on Thursday, October 30th. Jefferies Financial Group upped their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $143.00 to $75.00 in a report on Thursday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price objective on shares of Fiserv in a research note on Thursday, December 4th. Finally, BNP Paribas Exane downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.34.

Fiserv Stock Performance

FISV stock opened at $63.73 on Monday. The firm has a market cap of $34.64 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.65 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $66.34 and a 200-day moving average price of $101.36. Fiserv has a 1-year low of $59.56 and a 1-year high of $238.59.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FISV. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after buying an additional 77 shares during the period. Quadcap Wealth Management LLC boosted its holdings in shares of Fiserv by 2.1% during the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock valued at $672,000 after buying an additional 79 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of Fiserv by 4.4% in the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock worth $341,000 after acquiring an additional 83 shares in the last quarter. Glenview Trust co lifted its position in Fiserv by 0.3% during the 2nd quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after acquiring an additional 85 shares during the period. Finally, Smithfield Trust Co boosted its stake in Fiserv by 0.9% during the second quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock worth $1,685,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.