Fiserv (NASDAQ:FISV) Cut to “Neutral” at Northcoast Research

Northcoast Research lowered shares of Fiserv (NASDAQ:FISV) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports.

FISV has been the subject of a number of other reports. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Mizuho dropped their price target on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and an average price target of $113.34.

Fiserv Stock Up 2.8%

NASDAQ:FISV opened at $59.72 on Monday. The business’s fifty day moving average price is $66.31 and its 200 day moving average price is $99.59. The firm has a market capitalization of $32.46 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 3.33 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv has a 1-year low of $57.79 and a 1-year high of $238.59.

Insider Activity

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of the company. Vise Technologies Inc. bought a new position in Fiserv during the 2nd quarter worth approximately $2,320,000. Factory Mutual Insurance Co. increased its stake in Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. raised its holdings 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. Ipsen Advisor Group LLC bought a new position in shares of Fiserv during the second quarter worth $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in shares of Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after buying an additional 5,649 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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.