Fiserv (NASDAQ:FISV) Upgraded by BMO Capital Markets to “Hold” Rating

Fiserv (NASDAQ:FISV) was upgraded by equities researchers at BMO Capital Markets to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

FISV has been the topic of a number of other reports. Keefe, Bruyette & Woods decreased their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. BNP Paribas Exane decreased their price target on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. B. Riley Financial decreased their price target on Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research note on Wednesday, March 11th. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.63.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $63.26 on Tuesday. The stock has a market cap of $33.78 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.96 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 has a 1-year low of $52.91 and a 1-year high of $221.50. The stock’s 50-day moving average is $59.18 and its 200 day moving average is $70.05.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.Fiserv’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, sell-side analysts anticipate that Fiserv will post 8.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $3,507,063,000. Dodge & Cox purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $3,323,210,000. State Street Corp purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $1,588,663,000. Geode Capital Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $854,215,000. Finally, Amundi purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $825,819,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.