Mizuho Cuts Fiserv (NASDAQ:FISV) Price Target to $100.00

Fiserv (NASDAQ:FISV) had its price objective trimmed by Mizuho from $110.00 to $100.00 in a report released on Monday morning, Marketbeat.com reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on the company. BTIG Research restated a “buy” rating and issued a $180.00 price target on shares of Fiserv in a research note on Wednesday, October 29th. TD Cowen downgraded Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. BNP Paribas Exane reissued a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. Finally, William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $119.58.

Fiserv Price Performance

NASDAQ:FISV opened at $67.95 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day moving average price of $75.46 and a 200-day moving average price of $121.04. Fiserv has a 1-year low of $59.56 and a 1-year high of $238.59. The firm has a market cap of $36.94 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion for the quarter. Equities research analysts forecast that Fiserv will post 10.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 34,900 shares of company stock valued at $2,211,971 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FISV. FourThought Financial Partners LLC purchased a new stake in shares of Fiserv in the third quarter worth about $440,000. Capital Research Global Investors boosted its holdings in Fiserv by 0.8% in the third quarter. Capital Research Global Investors now owns 372,056 shares of the business services provider’s stock worth $47,969,000 after purchasing an additional 2,908 shares during the period. Capital World Investors grew its position in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after buying an additional 6,714,536 shares during the last quarter. Capital International Sarl raised its position in shares of Fiserv by 21.2% during the 3rd quarter. Capital International Sarl now owns 26,638 shares of the business services provider’s stock worth $3,434,000 after purchasing an additional 4,663 shares during the period. Finally, Bank of Montreal Can lifted its stake in Fiserv by 22.7% in the third quarter. Bank of Montreal Can now owns 521,557 shares of the business services provider’s stock valued at $67,244,000 after buying an additional 96,512 shares during the last quarter. Hedge funds and other institutional investors 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.