Fiserv, Inc. (NASDAQ:FISV – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.33 and last traded at $47.36, with a volume of 4110942 shares. The stock had previously closed at $47.86.
Wall Street Analyst Weigh In
FISV has been the subject of several analyst reports. Susquehanna reissued a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Robert W. Baird set a $78.00 price target on shares of Fiserv in a research report on Wednesday, May 6th. 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 note on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Finally, UBS Group set a $65.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $82.23.
Check Out Our Latest Report on FISV
Fiserv Stock Down 1.4%
Fiserv (NASDAQ:FISV – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm’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. Sell-side analysts predict that Fiserv, Inc. will post 8.14 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.
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 Fiserv in the 4th quarter worth about $25,000. Private Wealth Asset Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $25,000. American National Bank & Trust acquired a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, Goodman Advisory Group LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $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.
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