Fiserv (NASDAQ:FISV) Price Target Lowered to $77.00 at TD Cowen

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

FISV has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price objective on shares of Fiserv in a research note on Thursday, December 4th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of Fiserv in a report on Wednesday, November 5th. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $114.32.

Fiserv Stock Performance

NASDAQ:FISV traded down $0.72 during trading hours on Monday, reaching $66.78. 10,636,649 shares of the stock were exchanged, compared to its average volume of 9,979,786. The stock has a market capitalization of $36.30 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.68 and a beta of 0.80. The firm has a 50 day simple moving average of $65.54 and a 200-day simple moving average of $110.62. 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 has a 52 week low of $59.56 and a 52 week high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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 business had revenue of $4.92 billion for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, sell-side analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman bought 7,900 shares of the 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 completion of 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 disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in Fiserv during the third quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Fiserv in the third quarter valued at $30,000. Hager Investment Management Services LLC acquired a new position in Fiserv during the second quarter worth $34,000. Finally, Clear Street LLC bought a new position in shares of Fiserv during the second quarter valued at $34,000. Institutional investors and hedge funds 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.