Fiserv (NASDAQ:FISV) Price Target Lowered to $52.00 at Truist Financial

Fiserv (NASDAQ:FISV) had its target price lowered by Truist Financial from $58.00 to $52.00 in a research note issued to investors on Friday morning, MarketBeat Ratings reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on FISV. Morgan Stanley boosted their price objective on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. B. Riley Financial lowered their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Citigroup reiterated a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. UBS Group set a $65.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.57.

Fiserv Stock Performance

NASDAQ FISV opened at $51.02 on Friday. The company has a fifty day moving average of $52.21 and a two-hundred day moving average of $57.73. The company has a market capitalization of $27.21 billion, a PE ratio of 8.65, a P/E/G ratio of 1.40 and a beta of 0.82. Fiserv has a 1 year low of $47.04 and a 1 year high of $144.05. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, analysts expect that Fiserv will post 8.13 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Fiserv by 91.9% during the 4th 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 last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares in the last quarter. Schnieders Capital Management LLC. raised 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 in the last quarter. Jump Financial LLC bought a new position in shares of Fiserv during the second quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL grew its stake in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 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.