Citigroup Cuts Fiserv (NASDAQ:FISV) Price Target to $60.00

Fiserv (NASDAQ:FISV) had its price target decreased by Citigroup from $68.00 to $60.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Citigroup currently has a neutral rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. BNP Paribas Exane upped their target price on Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Loop Capital initiated coverage on Fiserv in a report on Tuesday, March 31st. They issued a “hold” rating and a $62.00 target price on the stock. Finally, Keefe, Bruyette & Woods reduced their target price on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.03.

Fiserv Stock Down 0.6%

Shares of FISV opened at $56.09 on Thursday. Fiserv has a 12 month low of $52.91 and a 12 month high of $221.50. The firm’s 50 day moving average is $58.93 and its 200-day moving average is $73.76. The stock has a market capitalization of $29.95 billion, a PE ratio of 8.85, a P/E/G ratio of 1.73 and a beta of 0.79. 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 announced its earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping 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 company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm earned $2.51 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts forecast that Fiserv will post 10.23 EPS for the current year.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently modified their holdings of FISV. Vulcan Value Partners LLC bought a new stake in shares of Fiserv during the fourth quarter worth $96,507,000. Rockefeller Capital Management L.P. bought a new stake in shares of Fiserv during the fourth quarter worth $4,461,000. Bank of New Hampshire bought a new stake in shares of Fiserv during the fourth quarter worth $46,000. World Investment Advisors bought a new stake in shares of Fiserv during the fourth quarter worth $3,832,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Fiserv during the fourth quarter worth $14,157,000. 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.