Fiserv (NASDAQ:FISV) Coverage Initiated by Analysts at Loop Capital

Loop Capital started coverage on shares of Fiserv (NASDAQ:FISV) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm issued a hold rating and a $62.00 price objective on the business services provider’s stock.

FISV has been the topic of a number of other reports. TD Cowen restated a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. BNP Paribas Exane increased their target price on shares of Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Compass Point dropped their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Fiserv in a research report on Wednesday, March 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.13.

Fiserv Price Performance

Shares of FISV opened at $55.80 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. Fiserv has a 1-year low of $52.91 and a 1-year high of $227.00. The stock has a market cap of $29.84 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.77. The firm has a fifty day moving average price of $60.49 and a 200 day moving average price of $77.63.

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

Institutional Investors Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glenview Trust co boosted its stake in shares of 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 acquiring an additional 85 shares during the last quarter. Trust Co. of Vermont raised its stake in Fiserv by 1.3% in the 3rd quarter. Trust Co. of Vermont now owns 6,897 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 90 shares during the last quarter. Fayez Sarofim & Co lifted its holdings in Fiserv by 0.7% in the 2nd quarter. Fayez Sarofim & Co now owns 13,439 shares of the business services provider’s stock valued at $2,317,000 after purchasing an additional 95 shares in the last quarter. Jacobsen Capital Management boosted its stake 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 worth $228,000 after purchasing an additional 97 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its holdings in shares of Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.