Fiserv's (FISV) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Fiserv (NASDAQ:FISV - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued on Thursday, Marketbeat.com reports. They presently have a $85.00 target price on the business services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 26.96% from the company's current price.

• 2 Reasons to Load Up on Fiserv, 1 to Stay Away

Several other research analysts have also issued reports on FISV. Wall Street Zen lowered Fiserv from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Morgan Stanley lowered Fiserv from an "overweight" rating to an "equal weight" rating and set a $81.00 target price on the stock. in a research report on Friday, November 14th. Mizuho set a $145.00 target price on Fiserv and gave the stock an "outperform" rating in a report on Tuesday, October 28th. Zacks Research lowered shares of Fiserv from a "hold" rating to a "strong sell" rating in a research note on Friday, October 31st. Finally, KeyCorp downgraded shares of Fiserv from an "overweight" rating to a "hold" rating in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of "Hold" and an average target price of $121.08.

Read Our Latest Stock Report on FISV

Fiserv Stock Up 5.9%

• Fiserv Has NEVER Done This Before—Is It a Screaming Buy?

Fiserv stock opened at $66.95 on Thursday. The company has a market capitalization of $36.39 billion, a PE ratio of 10.35, a PEG ratio of 2.41 and a beta of 0.80. Fiserv has a 12-month low of $59.56 and a 12-month high of $238.59. The firm's fifty day moving average is $93.02 and its 200 day moving average is $131.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV - Get Free Report) last posted its quarterly 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, sell-side analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

• Affirm Stock: Should You Buy the Dip After Walmart Setback?

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the firm's stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares of the company's stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the company's stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares of the company's stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 34,900 shares of company stock valued at $2,211,971 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Large investors have recently made changes to their positions in the business. Sound Income Strategies LLC bought a new position in Fiserv during the third quarter valued at about $28,000. Activest Wealth Management raised its position in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares during the period. True Wealth Design LLC boosted its stake in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider's stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $30,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $34,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Company Profile

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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