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

Fiserv (NASDAQ:FISV) had its price target upped by Cantor Fitzgerald from $48.00 to $65.00 in a report issued on Monday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the business services provider’s stock.

FISV has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price target on shares of Fiserv from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. BMO Capital Markets set a $48.00 target price on Fiserv and gave the stock a “market perform” rating in a research report on Tuesday, October 27th. Barclays boosted their target price on shares of Fiserv from $50.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 4th. Oppenheimer downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Finally, TD Cowen boosted their price objective on Fiserv from $49.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, November 4th. Six research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $64.64.

Fiserv Trading Up 0.9%

NASDAQ FISV opened at $63.90 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. The company has a market cap of $34.00 billion, a price-to-earnings ratio of -8.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.85. Fiserv has a twelve month low of $43.87 and a twelve month high of $70.41. The business’s fifty day moving average is $49.99 and its 200 day moving average is $54.54.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Fiserv’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv will post 7.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Large investors have recently modified their holdings of the business. Legacy Wealth Asset Management LLC boosted its holdings in shares of Fiserv by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after acquiring an additional 195 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Fiserv by 10.4% during the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 215 shares during the period. Banco Santander S.A. lifted its holdings in Fiserv by 2.0% during the 3rd quarter. Banco Santander S.A. now owns 11,162 shares of the business services provider’s stock worth $504,000 after purchasing an additional 217 shares in the last quarter. Intelligence Driven Advisers LLC lifted its holdings in Fiserv by 4.0% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after purchasing an additional 250 shares in the last quarter. Finally, Plan A Wealth LLC lifted its holdings in Fiserv by 4.2% during the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock worth $309,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Key Stories Impacting Fiserv

Here are a few of the latest stories about FISV:

• Positive Sentiment: Clover adds AI-powered eCommerce features: Fiserv launched tools intended to help small businesses build an online presence and get discovered through traditional search and AI shopping experiences. The expansion could help Clover serve merchants across both in-store and online commerce. Article: Fiserv’s Clover Adds AI Tools to Help Small Businesses Reach eCommerce Shoppers
• Positive Sentiment: Analysts lifted price targets: Citigroup raised its target from $62 to $67 while keeping a neutral rating; Bernstein raised its target from $60 to $70 and maintained a market-perform rating. Truist also increased its target, from $51 to $65, but kept a hold rating. The revisions suggest improved price expectations, though analysts remain cautious rather than strongly bullish. Fiserv Stock Price Targets
• Neutral Sentiment: Valuation commentary is favorable but not a new company development: A Yahoo Finance article argues Fiserv appears undervalued based on its excess returns. This may support investor interest, but it is an outside analysis rather than a change to the company’s outlook. Article: Fiserv Stock Looks Undervalued With Strong Excess Returns

Fiserv Company Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.