Fiserv (NASDAQ:FISV) Price Target Raised to $65.00 at Jefferies Financial Group

Fiserv (NASDAQ:FISV) had its price objective lifted by Jefferies Financial Group from $60.00 to $65.00 in a research report report published on Wednesday,MarketScreener reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research report on Thursday, December 4th. Seaport Research Partners lowered Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. BTIG Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, UBS Group set a $75.00 target price on Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $114.78.

Fiserv Trading Up 1.9%

NASDAQ FISV opened at $65.73 on Wednesday. The firm has a market capitalization of $35.73 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 3.70 and a beta of 0.80. The business’s 50-day moving average price is $65.80 and its two-hundred day moving average price is $106.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. Fiserv’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. On average, analysts expect that Fiserv will post 10.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased 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 $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. Over the last quarter, insiders have bought 34,900 shares of company stock worth $2,211,971. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter valued at about $34,000. Clear Street LLC bought a new position in Fiserv in the 2nd quarter valued at about $34,000. Armstrong Advisory Group Inc. boosted its stake in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Fiserv during the 3rd quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its stake in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.