Fiserv (NYSE:FI) Sets New 1-Year Low – Here’s Why

Fiserv, Inc. (NYSE:FI) shares hit a new 52-week low on Tuesday . The company traded as low as $64.35 and last traded at $64.7150, with a volume of 3249061 shares trading hands. The stock had previously closed at $65.14.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Thursday, October 30th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Sanford C. Bernstein downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. BTIG Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, Citigroup decreased their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $131.95.

Fiserv Trading Down 1.5%

The firm has a market cap of $34.86 billion, a P/E ratio of 9.89, a PEG ratio of 0.56 and a beta of 0.95. The firm’s fifty day moving average is $124.76 and its two-hundred day moving average is $149.92. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the business. Sowell Financial Services LLC increased its stake in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC increased its stake in Fiserv by 7.7% in the second quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares during the period. Dillon & Associates Inc. increased its stake in Fiserv by 9.1% in the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the period. Mendel Money Management purchased a new stake in Fiserv in the second quarter worth $1,409,000. Finally, Verdence Capital Advisors LLC increased its stake in Fiserv by 8.3% in the second quarter. Verdence Capital Advisors LLC now owns 40,454 shares of the business services provider’s stock worth $6,975,000 after purchasing an additional 3,097 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.