Fiserv (NASDAQ:FISV) Hits New 1-Year Low After Analyst Downgrade

Fiserv, Inc. (NASDAQ:FISV – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday after B. Riley Financial lowered their price target on the stock from $66.00 to $51.00. B. Riley Financial currently has a neutral rating on the stock. Fiserv traded as low as $44.82 and last traded at $45.36, with a volume of 563031 shares traded. The stock had previously closed at $46.48.

FISV has been the topic of a number of other reports. Keefe, Bruyette & Woods decreased their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. TD Cowen reaffirmed a “hold” rating and issued a $55.00 price target on shares of Fiserv in a report on Thursday, September 3rd. UBS Group set a $60.00 price objective on Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Finally, Barclays set a $52.00 target price on Fiserv and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $73.70.

Get Our Latest Research Report on FISV

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance Fritz purchased 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FISV. Private Wealth Asset Management LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $27,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $30,000. Osterweis Capital Management Inc. purchased a new position in shares of Fiserv in the 2nd quarter valued at $32,000. Finally, Reflection Asset Management acquired a new stake in Fiserv during the 4th quarter worth $36,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 4.64 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $51.56 and its 200 day moving average is $53.90.

Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

About Fiserv

(Get Free Report)

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

Further Reading

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