Fiserv (NASDAQ:FISV) Sees Large Volume Increase – Time to Buy?

by · The Markets Daily

Fiserv, Inc. (NASDAQ:FISV – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 13,706,330 shares were traded during mid-day trading, an increase of 135% from the previous session’s volume of 5,842,854 shares.The stock last traded at $68.07 and had previously closed at $66.57.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $122.00 target price on shares of Fiserv in a research note on Thursday, October 16th. KeyCorp cut Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. TD Cowen lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 30th. Jefferies Financial Group reduced their target price on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a report on Monday, November 24th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and set a $62.00 price target on shares of Fiserv in a research report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.08.

View Our Latest Research Report on FISV

Fiserv Stock Up 2.4%

The firm’s fifty day moving average is $86.77 and its 200-day moving average is $127.61. The company has a market capitalization of $37.05 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FISV. FourThought Financial Partners LLC bought a new position in shares of Fiserv during the third quarter worth about $440,000. Capital Research Global Investors increased its position in Fiserv by 0.8% during the 3rd quarter. Capital Research Global Investors now owns 372,056 shares of the business services provider’s stock valued at $47,969,000 after purchasing an additional 2,908 shares during the period. Capital World Investors raised its holdings in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Capital International Sarl raised its holdings in Fiserv by 21.2% during the 3rd quarter. Capital International Sarl now owns 26,638 shares of the business services provider’s stock worth $3,434,000 after purchasing an additional 4,663 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Fiserv by 22.7% in the 3rd quarter. Bank of Montreal Can now owns 521,557 shares of the business services provider’s stock worth $67,244,000 after purchasing an additional 96,512 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Company Profile

(Get Free Report)

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.

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