Fiserv (NASDAQ:FISV) Shares Down 2.2% – Time to Sell?

Shares of Fiserv, Inc. (NASDAQ:FISV) were down 2.2% during mid-day trading on Tuesday . The company traded as low as $61.13 and last traded at $61.34. Approximately 6,925,867 shares traded hands during trading, an increase of 23% from the average daily volume of 5,639,188 shares. The stock had previously closed at $62.70.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FISV shares. Monness Crespi & Hardt upgraded Fiserv from a “sell” rating to a “neutral” rating in a report on Monday, July 21st. William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Stephens downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a report on Friday. Finally, B. Riley downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.25.

Fiserv Price Performance

The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $110.07 and its two-hundred day moving average price is $140.78. The stock has a market cap of $33.34 billion, a PE ratio of 9.48, a PEG ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz purchased 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 owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FISV. Sound Income Strategies LLC purchased a new stake in shares of Fiserv during the 3rd quarter valued at $28,000. Activest Wealth Management increased its position in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. True Wealth Design LLC increased its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Fiserv in the third quarter valued at about $30,000. Finally, Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter worth about $34,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.