Zacks Research Upgrades Fiserv (NASDAQ:FISV) to Hold

Fiserv (NASDAQ:FISV) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on FISV. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. UBS Group set a $75.00 target price on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein cut shares of 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 note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $114.32.

Fiserv Stock Down 0.8%

FISV stock opened at $66.22 on Wednesday. The company has a 50 day moving average price of $65.64 and a two-hundred day moving average price of $110.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $36.00 billion, a P/E ratio of 10.23, a PEG ratio of 2.72 and a beta of 0.80. Fiserv has a one year low of $59.56 and a one year high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.60). The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.Fiserv’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, sell-side analysts expect that Fiserv will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd bought 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 34,900 shares of company stock worth $2,211,971. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds have recently made changes to their positions in FISV. Norges Bank acquired a new stake in Fiserv during the 2nd quarter valued at $1,252,260,000. Capital World Investors increased its position in shares of Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. Marshall Wace LLP purchased a new position in Fiserv in the second quarter valued at about $356,643,000. Barclays PLC boosted its holdings in Fiserv by 116.0% in the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after purchasing an additional 1,895,349 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Hedge funds and other institutional investors 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.