Fiserv (NASDAQ:FISV) Price Target Cut to $76.00 by Analysts at B. Riley

Fiserv (NASDAQ:FISV) had its price objective cut by B. Riley from $105.00 to $76.00 in a report published on Friday morning,MarketScreener reports. They currently have a neutral rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Stephens set a $75.00 price objective on shares of Fiserv in a report on Friday. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $112.92.

Fiserv Trading Down 0.7%

NASDAQ FISV opened at $66.29 on Friday. The company has a market capitalization of $36.03 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 2.69 and a beta of 0.80. The stock’s 50-day simple moving average is $65.69 and its two-hundred day simple moving average is $109.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv has a twelve month low of $59.56 and a twelve month high of $238.59.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Research analysts forecast that Fiserv will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 34,900 shares of company stock worth $2,211,971. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently added to or reduced their stakes in the stock. Vise Technologies Inc. acquired a new stake in Fiserv in the 2nd quarter worth about $2,320,000. Sowell Financial Services LLC increased its stake in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares during the period. Factory Mutual Insurance Co. grew its stake in Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. lifted its position in shares of Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $759,000. 90.98% of the stock is currently owned by institutional investors.

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.