Investors Buy Large Volume of Call Options on Fiserv (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISV – Get Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 32,947 call options on the stock. This represents an increase of 70% compared to the average daily volume of 19,421 call options.

Fiserv Price Performance

Fiserv stock traded up $0.42 during mid-day trading on Monday, reaching $46.05. 5,615,304 shares of the company were exchanged, compared to its average volume of 7,650,828. The firm has a market cap of $24.49 billion, a PE ratio of 8.84, a PEG ratio of 4.55 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 company has a fifty day simple moving average of $50.18 and a 200-day simple moving average of $53.05. Fiserv has a 12 month low of $43.87 and a 12 month high of $128.78.

Fiserv (NASDAQ:FISV – Get Free Report) last released its earnings results 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 the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Fiserv will post 7.26 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, Director Lance Fritz acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Fiserv in the 2nd quarter valued at about $2,079,711,000. Barclays PLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $276,237,000. Deutsche Bank AG bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $178,310,000. Legal & General Group Plc acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $161,557,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $123,177,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group set a $60.00 target price on Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a research note on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Susquehanna lowered their price target on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.21.

Check Out Our Latest Stock Analysis on Fiserv

Fiserv Company Profile

(Get Free Report)

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.

Further Reading

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