JPMorgan Chase & Co. Reaffirms Neutral Rating for Fiserv (NASDAQ:FISV)

Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat.com reports. They currently have a $85.00 price objective on the business services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 26.96% from the stock’s current price.

FISV has been the topic of a number of other research reports. TD Cowen cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Thursday, October 30th. Citigroup reduced their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the stock an “outperform” rating in a report on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and set a $99.00 target price (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research report on Thursday, October 16th. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.08.

Fiserv Trading Up 5.9%

Shares of Fiserv stock opened at $66.95 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $36.39 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.41 and a beta of 0.80. Fiserv has a 52-week low of $59.56 and a 52-week high of $238.59. The stock’s 50-day simple moving average is $93.02 and its 200 day simple moving average is $131.02.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion during the quarter. As a group, research analysts anticipate that Fiserv will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 in the last quarter. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its position in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC grew its stake in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fiserv by 5.1% in the first quarter. Commonwealth Equity Services LLC now owns 114,099 shares of the business services provider’s stock worth $25,196,000 after buying an additional 5,556 shares during the period. AXS Investments LLC lifted its stake in shares of Fiserv by 4.3% in the 1st quarter. AXS Investments LLC now owns 1,940 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 80 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in Fiserv by 3.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 13,333 shares of the business services provider’s stock valued at $2,944,000 after acquiring an additional 400 shares during the period. 90.98% of the stock is currently owned by institutional investors.

About Fiserv

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.