Fiserv (NASDAQ:FISV) Shares Down 2.2% – What’s Next?

Fiserv, Inc. (NASDAQ:FISV)’s share price dropped 2.2% during mid-day trading on Tuesday . The company traded as low as $61.13 and last traded at $61.34. Approximately 6,925,867 shares traded hands during trading, an increase of 23% from the average daily volume of 5,639,188 shares. The stock had previously closed at $62.70.

Analysts Set New Price Targets

FISV has been the subject of several research reports. Argus reiterated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $79.00 in a report on Thursday, October 30th. TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Thursday, October 30th. Finally, Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average price target of $123.25.

Fiserv Price Performance

The stock has a market capitalization of $33.34 billion, a PE ratio of 9.48, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The stock’s fifty day moving average is $110.07 and its 200-day moving average is $140.78.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data 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 analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new stake in Fiserv in the 3rd quarter valued at $28,000. Activest Wealth Management grew its position in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. True Wealth Design LLC increased its stake in shares of Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $30,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the 2nd quarter worth about $34,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.