Tigress Financial Reaffirms Buy Rating for Fiserv (NASDAQ:FISV)

Fiserv (NASDAQ:FISV)‘s stock had its “buy” rating reaffirmed by Tigress Financial in a research note issued on Wednesday,Benzinga reports. They presently have a $95.00 target price on the business services provider’s stock. Tigress Financial’s price target indicates a potential upside of 62.12% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. B. Riley Financial lowered their target price on Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. JPMorgan Chase & Co. reduced their price objective 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. Compass Point lowered their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. UBS Group reduced their target price on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $64.00 price target on shares of Fiserv in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus target price of $109.74.

Fiserv Stock Performance

NASDAQ FISV traded down $0.85 during mid-day trading on Wednesday, reaching $58.60. 3,158,570 shares of the stock were exchanged, compared to its average volume of 8,952,435. The company has a market capitalization of $31.34 billion, a P/E ratio of 9.24, a P/E/G ratio of 1.88 and a beta of 0.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average is $63.72 and its 200-day moving average is $86.06. Fiserv has a 1 year low of $57.79 and a 1 year high of $227.00.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter 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 forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FISV. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of Fiserv by 236.6% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 5,649 shares during the period. Nordea Investment Management AB increased its holdings in shares of Fiserv by 4.1% during the third quarter. Nordea Investment Management AB now owns 2,003,668 shares of the business services provider’s stock valued at $258,854,000 after acquiring an additional 78,220 shares in the last quarter. Investment Management Corp of Ontario raised its position in shares of Fiserv by 115.3% during the second quarter. Investment Management Corp of Ontario now owns 50,609 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 27,107 shares during the period. Swiss National Bank lifted its holdings in shares of Fiserv by 5.4% in the 2nd quarter. Swiss National Bank now owns 1,690,886 shares of the business services provider’s stock worth $291,526,000 after purchasing an additional 86,300 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after purchasing an additional 69,383 shares in the last quarter. 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.