Fiserv (NASDAQ:FISV) Price Target Lowered to $76.00 at B. Riley

Fiserv (NASDAQ:FISV) had its price target decreased by research analysts at B. Riley from $105.00 to $76.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. B. Riley’s price target would indicate a potential upside of 14.65% from the stock’s previous close.

A number of other analysts also recently weighed in on FISV. Stephens set a $75.00 target price on Fiserv in a research report on Friday. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a report on Wednesday, October 29th. BNP Paribas Exane reissued a “neutral” rating and set a $62.00 price target on shares of Fiserv in a research report on Wednesday, November 5th. Argus restated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Finally, Mizuho cut their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Ten analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.92.

Fiserv Price Performance

FISV opened at $66.29 on Friday. Fiserv has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a 50-day moving average of $65.69 and a 200 day moving average of $109.58. 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 firm has a market cap of $36.03 billion, a P/E ratio of 10.25, a PEG ratio of 2.69 and a beta of 0.80.

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

Insider Transactions at Fiserv

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

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in Fiserv during the 2nd quarter worth approximately $34,000. Clear Street LLC acquired a new position in shares of Fiserv in the second quarter worth $34,000. Armstrong Advisory Group Inc. increased its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Fiserv in the third quarter valued at $28,000. Finally, True Wealth Design LLC grew its stake in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About Fiserv

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.