Fiserv (NASDAQ:FISV – Get Free Report) had its price target dropped by research analysts at TD Cowen from $64.00 to $63.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. TD Cowen’s price objective points to a potential upside of 17.41% from the company’s current price.
A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company cut their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. BMO Capital Markets increased their price target on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. The Goldman Sachs Group reduced their price objective on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Mizuho cut their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.20.
View Our Latest Analysis on Fiserv
Fiserv Stock Up 3.6%
Fiserv (NASDAQ:FISV – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts predict that Fiserv will post 8.14 EPS for the current year.
Insider Activity
In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv in the 4th quarter worth $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv News Summary
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Reports that big U.S. banks are exploring a potential purchase of Fiserv’s debit-card network have fueled takeover speculation and may suggest the network is an attractive strategic asset. Fiserv Stock Jumps on Report Big U.S. Banks Explore Buying Its Debit Card Network
- Positive Sentiment: Fiserv’s June Small Business Index showed steady expansion, with sales up 2.4% year over year and retail sales rebounding 3.0%, which supports the view that underlying payments activity remains resilient. Small Business Sales Grow on Higher Tickets and Retail Rebound, Fiserv Data Shows
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.
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