Fiserv (NASDAQ:FISV) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Fiserv, Inc. (NASDAQ:FISV)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $48.64 and traded as high as $50.91. Fiserv shares last traded at $50.02, with a volume of 10,919,346 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FISV shares. Susquehanna reduced their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Citigroup decreased their target price on shares of Fiserv from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. Bank of America began coverage on Fiserv in a report on Thursday, October 15th. They issued an “underperform” rating and a $48.00 target price on the stock. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $60.38.

Fiserv Price Performance

The business’s 50 day moving average is $48.64 and its two-hundred day moving average is $54.76. The firm has a market capitalization of $26.60 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 5.00 and a beta of 0.80. 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 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 return on equity of 15.80% and a net margin of 13.42%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 7.25 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance Fritz purchased 10,000 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Several large investors have recently bought and sold shares of FISV. Bfsg LLC acquired a new position in Fiserv in the third quarter valued at approximately $256,000. Chicago Partners Investment Group LLC increased its position in shares of Fiserv by 252.6% in the third quarter. Chicago Partners Investment Group LLC now owns 19,937 shares of the business services provider’s stock valued at $994,000 after acquiring an additional 14,282 shares during the last quarter. Rakuten Investment Management Inc. raised its holdings in Fiserv by 9.4% in the 3rd quarter. Rakuten Investment Management Inc. now owns 95,543 shares of the business services provider’s stock valued at $4,334,000 after acquiring an additional 8,236 shares in the last quarter. Associated Banc Corp bought a new position in Fiserv during the 3rd quarter worth approximately $6,714,000. Finally, Next Level Wealth Planning LLC bought a new position in Fiserv during the 3rd quarter valued at $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.