Fiserv’s (FISV) “Hold” Rating Reiterated at TD Cowen

Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by TD Cowen in a note issued to investors on Thursday, Benzinga reports. They currently have a $55.00 price target on the business services provider’s stock. TD Cowen’s price objective indicates a potential upside of 5.89% from the stock’s current price.

A number of other research firms have also weighed in on FISV. Citigroup reissued a “neutral” rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Barclays set a $52.00 price objective on Fiserv and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Robert W. Baird set a $78.00 price objective on Fiserv in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $74.20.

Fiserv Stock Performance

Shares of NASDAQ:FISV traded down $0.04 during trading on Thursday, reaching $51.94. The stock had a trading volume of 1,285,530 shares, compared to its average volume of 7,688,585. Fiserv has a 52 week low of $47.04 and a 52 week high of $138.62. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 3.89 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $52.05 and a two-hundred day simple moving average of $55.38.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts anticipate 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 bought 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents 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 corporate insiders.

Institutional Trading of Fiserv

Several institutional investors have recently modified their holdings of the company. Private Wealth Asset Management LLC acquired a new position in shares of Fiserv in the fourth quarter valued at $25,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC bought a new position in shares of Fiserv during the 4th quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at about $29,000. Institutional investors and hedge funds 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.