Fiserv (NASDAQ:FISV) Price Target Lowered to $69.00 at B. Riley Financial

Fiserv (NASDAQ:FISV) had its target price dropped by equities researchers at B. Riley Financial from $72.00 to $69.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the business services provider’s stock. B. Riley Financial’s price objective would suggest a potential upside of 13.37% from the company’s previous close.

Several other brokerages also recently issued reports on FISV. Cantor Fitzgerald upgraded Fiserv to a “hold” rating in a report on Tuesday, January 27th. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. BNP Paribas Exane lifted their target price on shares of Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Stephens reduced their price objective on Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.06.

Fiserv Trading Down 1.0%

Shares of FISV stock opened at $60.86 on Monday. Fiserv has a 1-year low of $57.79 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $65.26 and its 200 day moving average price is $92.34. The firm has a market capitalization of $32.55 billion, a PE ratio of 9.60, a P/E/G ratio of 1.89 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was acquired 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 of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction 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 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.75% 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. Vise Technologies Inc. bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $2,320,000. Factory Mutual Insurance Co. grew its stake in Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after acquiring an additional 16,500 shares in the last quarter. Dillon & Associates Inc. increased its holdings in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after acquiring an additional 7,419 shares during the period. Ipsen Advisor Group LLC bought a new position in Fiserv in the 2nd quarter valued at $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock worth $1,386,000 after acquiring an additional 5,649 shares during the last quarter. Institutional investors and hedge funds 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.