Fiserv (NASDAQ:FISV) Price Target Lowered to $70.00 at The Goldman Sachs Group

Fiserv (NASDAQ:FISV) had its target price cut by The Goldman Sachs Group from $79.00 to $70.00 in a research report report published on Monday morning,MarketScreener reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research firms have also weighed in on FISV. Wells Fargo & Company cut their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, March 27th. Northcoast Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Compass Point dropped their price objective on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Citigroup cut their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, UBS Group decreased their target price on Fiserv from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus target price of $103.74.

Fiserv Trading Up 4.8%

Shares of FISV stock opened at $58.79 on Monday. Fiserv has a 12 month low of $52.91 and a 12 month high of $221.50. The company has a market cap of $31.39 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $58.85 and its two-hundred day moving average is $72.87.

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

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC grew its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares during the period. Jump Financial LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $1,001,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after buying an additional 350 shares during the period. 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.