Fiserv (NASDAQ:FISV) Price Target Cut to $62.00 by Analysts at Wells Fargo & Company

Fiserv (NASDAQ:FISV) had its target price reduced by equities researchers at Wells Fargo & Company from $72.00 to $62.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.56% from the company’s current price.

A number of other research firms have also recently weighed in on FISV. BNP Paribas Exane increased their price target on Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Citigroup reiterated a “neutral” rating and set a $68.00 price target (down from $75.00) on shares of Fiserv in a research report on Wednesday, February 11th. Finally, Mizuho decreased their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $107.55.

Fiserv Stock Down 0.8%

Shares of NASDAQ FISV opened at $55.08 on Friday. The company has a market capitalization of $29.46 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.75 and a beta of 0.77. 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 company has a 50 day simple moving average of $61.15 and a 200-day simple moving average of $80.09. Fiserv has a 1 year low of $55.08 and a 1 year high of $227.00.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts predict that Fiserv will post 10.23 earnings per share for the current year.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vulcan Value Partners LLC purchased a new stake in Fiserv during the 4th quarter worth approximately $96,507,000. Rockefeller Capital Management L.P. purchased a new position in Fiserv in the 4th quarter valued at approximately $4,461,000. Bank of New Hampshire acquired a new position in shares of Fiserv in the fourth quarter worth $46,000. World Investment Advisors acquired a new position in shares of Fiserv in the fourth quarter worth $3,832,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $14,157,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.