Fiserv (NASDAQ:FISV) Sets New 52-Week Low – Should You Sell?

Shares of Fiserv, Inc. (NASDAQ:FISV) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $46.63 and last traded at $46.67, with a volume of 777540 shares trading hands. The stock had previously closed at $47.19.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $57.00 price objective on shares of Fiserv in a research note on Tuesday, August 11th. BMO Capital Markets restated a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Truist Financial set a $53.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research note on Thursday, August 20th. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target on the stock. in a report on Friday, June 5th. Finally, Morgan Stanley set a $59.00 price objective on shares of Fiserv in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus price target of $74.20.

Fiserv Stock Performance

The firm has a market capitalization of $24.51 billion, a P/E ratio of 8.85, a P/E/G ratio of 4.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average price of $52.01 and a two-hundred day moving average price of $54.48.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue was down 4.1% compared to the same quarter last year. On average, analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, Director Lance Fritz bought 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Fiserv

A number of large investors have recently modified their holdings of FISV. Private Wealth Asset Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Fiserv during the 4th quarter valued at $27,000. Godfrey Financial Associates Inc. bought a new stake in Fiserv during the 4th quarter valued at $29,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Fiserv in the 2nd quarter worth $30,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Fiserv during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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.