Rothschild & Co Redburn Cuts Fiserv (NASDAQ:FISV) Price Target to $40.00

Fiserv (NASDAQ:FISV) had its price objective lowered by equities researchers at Rothschild & Co Redburn from $50.00 to $40.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s price objective points to a potential downside of 26.27% from the stock’s current price.

Other research analysts have also issued reports about the stock. Stephens lowered their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. TD Cowen reiterated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Susquehanna reissued a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. The Goldman Sachs Group cut their price objective on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Wells Fargo & Company reduced their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $83.57.

Fiserv Stock Down 0.3%

Shares of NASDAQ FISV traded down $0.14 during trading hours on Tuesday, hitting $54.25. The company had a trading volume of 402,716 shares, compared to its average volume of 7,654,034. Fiserv has a 1-year low of $52.91 and a 1-year high of $191.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $58.82 and its 200-day moving average is $64.67. The stock has a market capitalization of $28.93 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts expect that Fiserv will post 8.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv during the 4th quarter worth $25,000. American National Bank & Trust acquired a new position in Fiserv in the 4th quarter valued at $27,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. 90.98% of the stock is owned by 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.