Fiserv (NASDAQ:FISV) Upgraded to Hold at Zacks Research

Fiserv (NASDAQ:FISV) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a research report on Friday, November 14th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and cut their price target for the company from $149.00 to $79.00 in a report on Thursday, October 30th. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Oppenheimer reiterated an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Finally, Mizuho reduced their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.32.

Fiserv Stock Performance

Shares of Fiserv stock opened at $66.78 on Wednesday. Fiserv has a 52 week low of $59.56 and a 52 week high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $65.64 and a 200-day moving average price of $110.32. The company has a market cap of $36.30 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.72 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. Equities analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

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

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently modified their holdings of FISV. Sound Income Strategies LLC acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $28,000. True Wealth Design LLC raised its position in Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Fiserv during the third quarter valued at $30,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter valued at about $34,000. Finally, Clear Street LLC purchased a new stake in shares of Fiserv during the second quarter worth about $34,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.