Fiserv (NASDAQ:FISV) Earns Neutral Rating from Cantor Fitzgerald

Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating restated by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $53.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price target indicates a potential downside of 0.34% from the company’s previous close.

Other research analysts also recently issued reports about the company. Robert W. Baird set a $78.00 price objective on Fiserv in a research report on Wednesday, May 6th. Truist Financial set a $53.00 target price on Fiserv and gave the company a “hold” rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, Susquehanna reduced their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Stock Performance

NASDAQ:FISV opened at $53.18 on Monday. 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 firm has a 50-day moving average price of $51.76 and a two-hundred day moving average price of $55.57. Fiserv has a twelve month low of $47.04 and a twelve month high of $138.85. The company has a market capitalization of $28.28 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 4.00 and a beta of 0.80.

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 analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts expect that Fiserv will post 7.26 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FISV. WFA of San Diego LLC purchased a new stake in Fiserv during the second quarter valued at about $55,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.