Analysts Set Fiserv, Inc. (NASDAQ:FISV) Price Target at $121.08

Shares of Fiserv, Inc. (NASDAQ:FISV) have been assigned a consensus rating of “Hold” from the thirty-six brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $121.0833.

Several brokerages have commented on FISV. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. TD Cowen lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Thursday, October 30th. Mizuho set a $145.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th.

Insider Activity

In related news, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 34,900 shares of company stock valued at $2,211,971 in the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of Fiserv in the 3rd quarter worth $28,000. Activest Wealth Management increased its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. True Wealth Design LLC raised its stake in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Fiserv in the third quarter worth about $30,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the second quarter worth about $34,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

FISV traded up $1.26 during trading on Wednesday, reaching $68.96. The stock had a trading volume of 1,367,999 shares, compared to its average volume of 6,037,906. The stock has a market cap of $37.49 billion, a PE ratio of 10.66, a PEG ratio of 2.65 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv has a one year low of $59.56 and a one year high of $238.59. The business has a 50-day moving average of $82.15 and a 200-day moving average of $124.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion during the quarter. As a group, equities research analysts anticipate that Fiserv will post 10.23 EPS for the current fiscal year.

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.