Fiserv, Inc. (NASDAQ:FISV) Receives $114.42 Average Target Price from Analysts

Shares of Fiserv, Inc. (NASDAQ:FISV) have been given an average rating of “Hold” by the thirty-six research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, twenty-three have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $114.4167.

A number of research analysts recently issued reports on the company. UBS Group set a $75.00 price target on Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Fiserv in a report on Thursday, December 4th. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th.

Fiserv Trading Up 2.6%

NASDAQ FISV opened at $68.76 on Friday. The firm’s fifty day moving average price is $65.24 and its 200 day moving average price is $114.55. Fiserv has a 12 month low of $59.56 and a 12 month high of $238.59. 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 market capitalization of $37.38 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (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 during the quarter. On average, sell-side analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 34,900 shares of company stock valued at $2,211,971 over the last quarter. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently modified their holdings of the stock. Vise Technologies Inc. purchased a new stake in Fiserv during the second quarter worth about $2,320,000. Sowell Financial Services LLC lifted its position in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 314 shares during the period. Factory Mutual Insurance Co. boosted its stake in shares of Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after acquiring an additional 16,500 shares in the last quarter. Dillon & Associates Inc. grew its holdings in shares of Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after acquiring an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC purchased a new position in Fiserv in the 2nd quarter valued at approximately $759,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.