Analysts Set Fiserv, Inc. (NASDAQ:FISV) Price Target at $74.20

Fiserv, Inc. (NASDAQ:FISV) has earned an average rating of “Hold” from the thirty-five ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $74.20.

Several equities research analysts have recently weighed in on the stock. Truist Financial set a $53.00 price objective on shares of Fiserv and gave the stock a “hold” rating in a research report on Thursday, August 20th. Morgan Stanley set a $59.00 target price on Fiserv in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $54.00 target price on shares of Fiserv in a research note on Friday, August 7th. Susquehanna reduced their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th.

Fiserv Stock Down 0.3%

Shares of FISV opened at $49.30 on Friday. The stock’s 50-day moving average price is $52.08 and its two-hundred day moving average price is $54.59. Fiserv has a 12 month low of $47.04 and a 12 month high of $135.32. The company has a market capitalization of $26.22 billion, a PE ratio of 9.46, a PEG ratio of 3.72 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% compared to the same quarter last year. On average, analysts anticipate that Fiserv will post 7.27 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Large investors have recently made changes to their positions in the company. National Pension Service increased its holdings in shares of Fiserv by 12.6% during the second quarter. National Pension Service now owns 1,108,247 shares of the business services provider’s stock valued at $54,360,000 after acquiring an additional 124,037 shares in the last quarter. Triad Investment Management raised its holdings in Fiserv by 37.9% during the second quarter. Triad Investment Management now owns 71,706 shares of the business services provider’s stock worth $3,517,000 after buying an additional 19,695 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in Fiserv by 47.8% during the second quarter. Cidel Asset Management Inc. now owns 8,198 shares of the business services provider’s stock worth $402,000 after buying an additional 2,650 shares during the last quarter. Community Bank N.A. lifted its stake in shares of Fiserv by 27.3% in the second quarter. Community Bank N.A. now owns 35,805 shares of the business services provider’s stock valued at $1,756,000 after buying an additional 7,675 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Fiserv by 4.8% during the second quarter. Baird Financial Group Inc. now owns 184,264 shares of the business services provider’s stock valued at $9,038,000 after buying an additional 8,477 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.