Truist Financial Lowers Fiserv (NASDAQ:FISV) Price Target to $64.00

Fiserv (NASDAQ:FISV) had its price target dropped by investment analysts at Truist Financial from $65.00 to $64.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 5.49% from the stock’s current price.

FISV has been the subject of several other research reports. Tigress Financial restated a “buy” rating and issued a $95.00 target price on shares of Fiserv in a report on Wednesday, March 11th. Morgan Stanley set a $64.00 target price on shares of Fiserv in a research note on Wednesday, February 11th. Loop Capital began coverage on Fiserv in a report on Tuesday, March 31st. They set a “hold” rating and a $62.00 price objective on the stock. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Finally, UBS Group lowered their price objective on Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $96.60.

Fiserv Trading Down 1.4%

Shares of NASDAQ FISV traded down $0.88 during trading hours on Friday, hitting $60.67. The company’s stock had a trading volume of 758,363 shares, compared to its average volume of 7,838,057. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. Fiserv has a 12 month low of $52.91 and a 12 month high of $191.91. The business has a 50-day simple moving average of $59.23 and a 200-day simple moving average of $69.99. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 1.96 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm 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 for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts anticipate that Fiserv will post 8.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiserv

Several hedge funds have recently made changes to their positions in FISV. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter valued at about $3,507,063,000. Dodge & Cox purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $3,323,210,000. State Street Corp acquired a new position in Fiserv during the 4th quarter worth $1,588,663,000. Geode Capital Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at $854,215,000. Finally, Amundi acquired a new position in Fiserv during the 4th quarter valued at $825,819,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.