Fiserv, Inc. (NASDAQ:FISV) Stock Has Consensus Target Price of $73.70 According to Analysts

Fiserv, Inc. (NASDAQ:FISV) has been given an average rating of “Hold” by the thirty-five research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $70.21.

FISV has been the subject of several research reports. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a report on Friday, August 7th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Fiserv in a report on Friday, August 7th. Citigroup reiterated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Finally, Zacks Research lowered Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th.

Insider Transactions at Fiserv

In other news, Director Lance Fritz acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FISV. BlackRock Inc. bought a new stake in shares of Fiserv in the 2nd quarter worth about $2,079,711,000. Capital World Investors purchased a new position in Fiserv in the fourth quarter worth about $325,470,000. Barclays PLC purchased a new position in Fiserv in the fourth quarter worth about $276,237,000. Deutsche Bank AG purchased a new position in Fiserv in the second quarter worth about $178,310,000. Finally, Legal & General Group Plc bought a new stake in Fiserv during the second quarter worth approximately $161,557,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FISV stock opened at $45.63 on Tuesday. Fiserv has a one year low of $43.87 and a one year high of $128.78. The company’s fifty day moving average price is $50.18 and its 200-day moving average price is $53.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $24.26 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 4.55 and a beta of 0.80.

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

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.