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

TD Cowen reiterated their hold rating on shares of Fiserv (NASDAQ:FISV) in a report published on Thursday,Benzinga reports. TD Cowen currently has a $55.00 price target on the business services provider’s stock.

Several other analysts have also weighed in on FISV. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a research report on Friday, June 5th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Truist Financial set a $53.00 price objective on Fiserv and gave the company a “hold” rating in a report on Thursday, August 20th. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Finally, Rothschild & Co Redburn cut their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Stock Up 0.5%

NASDAQ FISV opened at $53.00 on Thursday. Fiserv has a twelve month low of $47.04 and a twelve month high of $138.62. The stock has a market cap of $28.18 billion, a PE ratio of 10.17, a PEG ratio of 3.99 and a beta of 0.80. The firm has a 50-day simple moving average of $52.22 and a 200 day simple moving average of $55.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (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 firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv will post 7.26 EPS for the current year.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Handelsbanken Fonder AB lifted its holdings in Fiserv by 16.9% in the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after buying an additional 25,477 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Fiserv during the 4th quarter worth $1,996,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Fiserv during the 4th quarter valued at $4,913,000. Blume Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $4,226,000. Finally, Ethic Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $5,795,000. 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.