TD Cowen Has Lowered Expectations for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price dropped by research analysts at TD Cowen from $80.00 to $77.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the business services provider’s stock. TD Cowen’s price objective suggests a potential upside of 15.30% from the stock’s current price.

Several other brokerages have also recently issued reports on FISV. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $91.00 price target on shares of Fiserv in a research report on Thursday, October 30th. Argus reissued a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 target price on shares of Fiserv in a research report on Thursday, December 4th. Finally, BNP Paribas lowered Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average target price of $114.32.

Fiserv Stock Performance

Shares of NASDAQ:FISV traded down $0.72 on Monday, hitting $66.78. The company’s stock had a trading volume of 10,636,649 shares, compared to its average volume of 9,979,786. The stock’s 50-day moving average is $65.54 and its two-hundred day moving average is $110.62. The company has a market capitalization of $36.30 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.68 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 has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, equities research analysts forecast that Fiserv will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $2,320,000. Sowell Financial Services LLC grew its position in Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares during the last quarter. Factory Mutual Insurance Co. raised its holdings in Fiserv by 11.7% in the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. raised its stake in shares of Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after acquiring an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC acquired a new stake in Fiserv in the second quarter valued at $759,000. 90.98% of the stock is owned by institutional investors.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.