Truist Financial Has Lowered Expectations for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its price objective cut by analysts at Truist Financial from $65.00 to $64.00 in a research note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 5.19% from the company’s previous close.

A number of other research firms have also weighed in on FISV. Citigroup dropped their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Stephens decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, B. Riley Financial decreased their price objective on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.41.

Fiserv Stock Down 1.2%

FISV opened at $60.84 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $59.26 and its 200 day moving average is $69.14. Fiserv has a fifty-two week low of $52.91 and a fifty-two week high of $191.91. The firm has a market capitalization of $32.49 billion, a P/E ratio of 9.60, a PEG ratio of 1.91 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.78 billion. During the same period last year, the firm earned $2.51 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv will post 8.11 earnings per share for the current fiscal year.

Institutional Trading of Fiserv

A number of large investors have recently added to or reduced their stakes in FISV. LB Partners LLC purchased a new position in shares of Fiserv in the first quarter worth about $1,507,000. Essex Financial Services Inc. purchased a new position in shares of Fiserv in the first quarter worth about $220,000. Palouse Capital Management Inc. increased its stake in shares of Fiserv by 2.9% in the first quarter. Palouse Capital Management Inc. now owns 21,170 shares of the business services provider’s stock worth $1,181,000 after purchasing an additional 599 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of Fiserv in the first quarter worth about $1,345,000. Finally, USS Investment Management Ltd increased its stake in shares of Fiserv by 2.4% in the first quarter. USS Investment Management Ltd now owns 98,137 shares of the business services provider’s stock worth $5,476,000 after purchasing an additional 2,307 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.