Fiserv’s (FISV) Equal Weight Rating Reiterated at Stephens

Stephens reiterated their equal weight rating on shares of Fiserv (NASDAQ:FISV) in a report published on Tuesday,Benzinga reports. They currently have a $57.00 price objective on the business services provider’s stock.

Several other research analysts have also weighed in on the company. Barclays set a $52.00 price target on Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley set a $59.00 price target on shares of Fiserv in a report on Friday, August 7th. Finally, Loop Capital cut their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.17.

Fiserv Trading Up 7.6%

Fiserv stock opened at $55.50 on Tuesday. Fiserv has a 52 week low of $47.04 and a 52 week high of $140.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 1.04. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 3.88 and a beta of 0.80. The company has a 50 day moving average price of $51.47 and a 200 day moving average price of $56.32.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts forecast that Fiserv will post 7.26 EPS for the current 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 on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was bought 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. The trade was a 5.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patient Capital Management LLC acquired a new stake in shares of Fiserv in the second quarter worth $46,776,000. Cibc World Market Inc. acquired a new position in Fiserv during the 2nd quarter worth $12,553,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Fiserv in the second quarter valued at about $1,491,000. Osmosis Investment Management UK Ltd bought a new position in shares of Fiserv in the second quarter worth about $1,103,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Fiserv during the 2nd quarter worth about $994,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.