Fiserv (NASDAQ:FISV) Price Target Raised to $65.00

Fiserv (NASDAQ:FISV) had its price target increased by research analysts at Jefferies Financial Group from $60.00 to $65.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 0.17% from the company’s current price.

Several other brokerages have also recently issued reports on FISV. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a report on Thursday, October 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, TD Cowen dropped their target price on shares of Fiserv from $80.00 to $77.00 and set a “hold” rating on the stock in a report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $113.08.

Fiserv Trading Up 1.0%

FISV stock traded up $0.62 during trading on Wednesday, hitting $65.11. The company had a trading volume of 1,351,440 shares, compared to its average volume of 9,252,138. Fiserv has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a 50 day simple moving average of $65.76 and a 200-day simple moving average of $107.14. The firm has a market capitalization of $35.39 billion, a P/E ratio of 10.06, a PEG ratio of 2.72 and a beta of 0.80. 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) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Fiserv’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $2.30 earnings per share. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, research analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% 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 valued at $2,211,971. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in FISV. Norges Bank purchased a new position in Fiserv during the 2nd quarter worth $1,252,260,000. Capital World Investors boosted its holdings in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares in the last quarter. Marshall Wace LLP acquired a new stake in Fiserv in the second quarter worth about $356,643,000. Barclays PLC grew its stake in shares of Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after acquiring an additional 948,634 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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.