B. Riley Issues Pessimistic Forecast for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price decreased by analysts at B. Riley from $105.00 to $76.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. B. Riley’s price target would indicate a potential upside of 14.65% from the stock’s current price.

Several other analysts have also recently commented on FISV. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Tigress Financial set a $95.00 price target on shares of Fiserv and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $79.00 in a report 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 issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $112.92.

Fiserv Stock Down 0.7%

Shares of NASDAQ FISV opened at $66.29 on Friday. The firm has a market cap of $36.03 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The company’s 50-day simple moving average is $65.69 and its 200-day simple moving average is $109.14. 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 52-week low of $59.56 and a 52-week high of $238.59.

Fiserv (NASDAQ:FISV) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The company’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. Equities analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

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

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently made changes to their positions in FISV. Sound Income Strategies LLC acquired a new stake in shares of Fiserv in the third quarter valued at approximately $28,000. True Wealth Design LLC raised its position in Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Fiserv during the 3rd quarter worth $30,000. Hager Investment Management Services LLC acquired a new stake in Fiserv during the 2nd quarter worth $34,000. Finally, Clear Street LLC purchased a new position in Fiserv during the 2nd quarter worth $34,000. Institutional investors and hedge funds 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.