Fiserv (NASDAQ:FISV) Shares Gap Down – Here’s Why

Fiserv, Inc. (NASDAQ:FISV)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $53.78, but opened at $49.31. Fiserv shares last traded at $49.90, with a volume of 4,421,232 shares trading hands.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Neutral Sentiment: Fiserv appointed Takis Georgakopoulos as CEO and board member, replacing Mike Lyons effective immediately after Lyons left to lead Truist Financial. Fiserv Announces Leadership Transition
• Neutral Sentiment: The company said the leadership move was not tied to a change in its operating outlook, which it reiterated alongside the transition. Fiserv Names Takis Georgakopoulos CEO as Mike Lyons Moves to Truist
• Negative Sentiment: Investors seem concerned that the sudden CEO change could create near-term execution risk, strategy uncertainty, and disruption to client relationships and management continuity. Fiserv Stock Crashes On CEO’s Sudden Departure. ‘A Bad Look,’ Says Analyst.
• Negative Sentiment: Options activity also pointed to bearish sentiment, with traders buying an unusually high number of Fiserv put options.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Susquehanna restated a “positive” rating and issued a $91.00 price target (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Citigroup cut their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Mizuho cut their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.

Fiserv Price Performance

The stock has a 50-day moving average price of $57.33 and a 200 day moving average price of $61.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.51 and a beta of 0.80.

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

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in Fiserv in the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC acquired a new position in Fiserv in the 4th quarter valued at about $25,000. American National Bank & Trust acquired a new position in Fiserv in the 4th quarter valued at about $27,000. Kimelman & Baird LLC acquired a new position in Fiserv in the 4th quarter valued at about $27,000. Finally, Goodman Advisory Group LLC acquired a new position in Fiserv in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.