According to Zacks, “Fiserv continues to enjoy a dominant position in the financial and payments solutions business. Its diversified product portfolio helps attract a steady flow of customers. Prudent business moves in the form of acquisitions and partnerships have been growth catalysts. The company is focused on becoming a global leader in transaction-based technology solutions. The company is also consistent in rewarding its shareholders. On the flip side, the company’s core banking products and services are part of a highly competitive market. The industry is getting more competitive with the entry of several non-banking bodies. The company's policy of acquiring a large number of companies results in some integration risk. High debt may limit the company’s future expansion and worsen its risk profile. Shares of Fiserv have underperformed its industry over the past year.”
FISV has been the subject of several other reports. Royal Bank of Canada raised shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price target for the company in a report on Monday, January 28th. Edward Jones downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Friday, January 18th. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Buckingham Research began coverage on shares of Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $83.00 price target on shares of Fiserv in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $87.29.
Fiserv stock traded up $0.23 during mid-day trading on Wednesday, reaching $85.25. The company’s stock had a trading volume of 1,144,978 shares, compared to its average volume of 4,400,932. Fiserv has a 12-month low of $68.43 and a 12-month high of $91.19. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.09 and a beta of 0.83. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.60.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $0.71 EPS. Fiserv’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv will post 3.45 EPS for the current year.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the transaction, the director now owns 52,014 shares in the company, valued at $4,425,351.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the transaction, the director now owns 85,610 shares in the company, valued at approximately $7,448,926.10. The disclosure for this sale can be found here. Insiders sold 137,912 shares of company stock valued at $11,685,371 over the last three months. 1.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Kaizen Advisory LLC grew its holdings in Fiserv by 13.7% in the fourth quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after purchasing an additional 135 shares during the period. Tandem Investment Advisors Inc. lifted its stake in shares of Fiserv by 3.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after buying an additional 141 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Fiserv by 19.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after buying an additional 146 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Fiserv by 1.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after buying an additional 150 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in shares of Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 88.83% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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