Fiserv (NASDAQ:FISV) Upgraded at Zacks Research

Zacks Research upgraded shares of Fiserv (NASDAQ:FISV) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on FISV. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $149.00 to $79.00 in a research report on Thursday, October 30th. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $114.15.

Fiserv Price Performance

Fiserv stock opened at $66.29 on Wednesday. The firm has a market cap of $36.03 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.69 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day moving average price is $65.69 and its two-hundred day moving average price is $109.58. Fiserv has a one year low of $59.56 and a one year high of $238.59.

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

Insider Activity at Fiserv

In other news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 34,900 shares of company stock valued at $2,211,971 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FISV. Norges Bank acquired a new position in Fiserv in the 2nd quarter valued at approximately $1,252,260,000. Capital World Investors grew its stake in shares of Fiserv by 35.2% in 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 purchasing an additional 6,714,536 shares during the last quarter. Marshall Wace LLP acquired a new stake in Fiserv in the second quarter valued at $356,643,000. Barclays PLC raised its position in Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after purchasing an additional 1,895,349 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings 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 worth $351,550,000 after buying an additional 1,842,784 shares during the period. 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.