Fiserv (NASDAQ:FISV) Downgraded to Market Perform Rating by Raymond James Financial

Raymond James Financial downgraded shares of Fiserv (NASDAQ:FISV) from an outperform rating to a market perform rating in a research report report published on Thursday, MarketBeat Ratings reports.

Several other brokerages have also weighed in on FISV. Tigress Financial restated a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. BNP Paribas Exane boosted their price target on shares of Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. TD Cowen reissued a “hold” rating on shares of Fiserv in a report on Monday, January 12th. B. Riley Financial reduced their price objective on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.74.

Fiserv Stock Down 1.9%

FISV stock opened at $55.54 on Thursday. The firm’s 50-day moving average is $61.15 and its two-hundred day moving average is $80.09. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77. Fiserv has a 52 week low of $55.44 and a 52 week high of $227.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm posted $2.51 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Several hedge funds have recently made changes to their positions in the company. Glenview Trust co increased its holdings in Fiserv by 0.3% during the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after buying an additional 85 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Fiserv by 1.3% during the 3rd quarter. Trust Co. of Vermont now owns 6,897 shares of the business services provider’s stock worth $889,000 after acquiring an additional 90 shares during the last quarter. Fayez Sarofim & Co grew its position in shares of Fiserv by 0.7% during the 2nd quarter. Fayez Sarofim & Co now owns 13,439 shares of the business services provider’s stock valued at $2,317,000 after acquiring an additional 95 shares during the period. Jacobsen Capital Management grew its position in shares of Fiserv by 5.8% during the 3rd quarter. Jacobsen Capital Management now owns 1,767 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 97 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its stake in shares of Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors 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.