Fiserv, Inc. (NASDAQ:FISV) Stock Has Consensus Price Target of $60.38

Fiserv, Inc. (NASDAQ:FISV) has earned a consensus rating of “Hold” from the twenty-nine research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $60.38.

Several research analysts have commented on the stock. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Citigroup reduced their price target 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. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Finally, Barclays set a $50.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Friday, October 9th.

Fiserv Stock Performance

NASDAQ:FISV opened at $51.93 on Friday. The business has a 50 day moving average of $48.63 and a 200 day moving average of $54.68. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 4.78 and a beta of 0.80. Fiserv has a 1-year low of $43.87 and a 1-year high of $70.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv will post 7.25 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its stake in Fiserv by 2.1% in the third quarter. Calamos Advisors LLC now owns 113,429 shares of the business services provider’s stock valued at $5,125,000 after acquiring an additional 2,295 shares in the last quarter. Bfsg LLC acquired a new position in shares of Fiserv during the third quarter worth $256,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Fiserv by 252.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 19,937 shares of the business services provider’s stock valued at $994,000 after purchasing an additional 14,282 shares during the last quarter. Rakuten Investment Management Inc. lifted its holdings in shares of Fiserv by 9.4% during 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 purchasing an additional 8,236 shares during the last quarter. Finally, Associated Banc Corp purchased a new stake in shares of Fiserv during the 3rd quarter valued at $6,714,000. Institutional investors own 90.98% of the company’s stock.

About Fiserv

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.