Fiserv, Inc. (NASDAQ:FISV – Get Free Report) has been assigned an average rating of “Hold” from the thirty brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $63.11.
FISV has been the topic of a number of recent research reports. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. lifted their target price on Fiserv from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of Fiserv from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday. Stephens began coverage on Fiserv in a report on Tuesday, August 11th. They issued an “equal weight” rating and a $57.00 price objective for the company. Finally, Argus upgraded Fiserv from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday.
Check Out Our Latest Analysis on Fiserv
Key Headlines Impacting Fiserv
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv reported quarterly EPS of $1.75, topping the $1.72 consensus estimate; revenue of $4.85 billion matched expectations. Shares subsequently bounced, and coverage highlighted Project Elevate as support for an undervaluation thesis. Article: Fiserv Shares Gap Up After Better-Than-Expected Earnings Article: Fiserv Rebounds on Project Elevate
- Positive Sentiment: KBW reaffirmed its Buy rating and raised its price target. Citigroup and RBC also issued positive forecasts, adding support to the bullish view. Article: KBW Reaffirms Buy Rating Article: Citigroup Forecast Article: RBC Forecast
- Neutral Sentiment: Fiserv added Raj Seshadri to its board, a move tied to its payments and data focus. UBS raised its target to $68 but kept a Neutral rating. Article: Fiserv Adds Raj Seshadri to Board
- Negative Sentiment: Revenue declined 1.3% year over year, and analyst opinion remains divided: Bank of America maintained a Sell rating, while B. Riley kept its Hold rating. Article: Bank of America Maintains Sell Rating Article: B. Riley Maintains Hold Rating
Fiserv Price Performance
NASDAQ FISV opened at $62.88 on Friday. 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 has a 1 year low of $43.87 and a 1 year high of $70.41. The stock’s fifty day moving average price is $49.34 and its 200 day moving average price is $54.59. The company has a market cap of $33.44 billion, a price-to-earnings ratio of -8.47, a PEG ratio of 5.19 and a beta of 0.85.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.72 by $0.03. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. The company’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Fiserv will post 7.26 earnings per share for the current year.
Institutional Investors Weigh In On Fiserv
Several institutional investors and hedge funds have recently made changes to their positions in FISV. Legacy Wealth Asset Management LLC raised its holdings in Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after purchasing an additional 195 shares during the period. Sunbelt Securities Inc. grew its position in shares of Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after buying an additional 215 shares during the last quarter. Intelligence Driven Advisers LLC raised its holdings in shares of Fiserv by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock valued at $296,000 after buying an additional 250 shares during the last quarter. Plan A Wealth LLC boosted its holdings in Fiserv by 4.2% in the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC raised its holdings in shares of Fiserv by 22.6% in the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after acquiring an additional 281 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.
About Fiserv
Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions.
For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools.
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