Fiserv, Inc. (NASDAQ:FISV – Get Free Report) has received an average recommendation of “Hold” from the thirty-five analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $74.1667.
Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a research note on Friday, August 7th. B. Riley Financial lowered their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Truist Financial cut their target price on Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Loop Capital reduced their price target on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Finally, Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th.
Get Our Latest Stock Analysis on FISV
Fiserv Trading Up 0.7%
Fiserv (NASDAQ:FISV – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv will post 7.27 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is currently owned by company insiders.
Institutional Trading of Fiserv
Several large investors have recently modified their holdings of FISV. Vanguard Group Inc. acquired a new position in Fiserv during the 4th quarter worth $3,507,063,000. Dodge & Cox bought a new position in Fiserv in the 4th quarter worth approximately $3,323,210,000. BlackRock Inc. bought a new position in Fiserv in the 2nd quarter worth approximately $2,079,711,000. State Street Corp acquired a new position in shares of Fiserv during the fourth quarter worth approximately $1,588,663,000. Finally, Geode Capital Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth approximately $854,215,000. 90.98% of the stock is owned by institutional investors.
About Fiserv
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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