Fiserv (NASDAQ:FISV) Price Target Cut to $52.00 by Analysts at Truist Financial

Fiserv (NASDAQ:FISV) had its target price lowered by investment analysts at Truist Financial from $58.00 to $52.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price suggests a potential upside of 4.06% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Susquehanna reaffirmed a “positive” rating and issued a $91.00 price target (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $60.00 target price (down from $70.00) on shares of Fiserv in a report on Thursday, July 9th. Finally, Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $76.57.

Fiserv Stock Down 0.5%

NASDAQ:FISV opened at $49.97 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv has a 12-month low of $47.04 and a 12-month high of $144.18. The stock’s fifty day simple moving average is $52.29 and its 200-day simple moving average is $57.78. The firm has a market capitalization of $26.65 billion, a P/E ratio of 8.47, a P/E/G ratio of 1.41 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.73 billion. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts expect that Fiserv will post 8.13 earnings per share for the current year.

Insider Activity

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FISV. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $3,507,063,000. Dodge & Cox bought a new stake in Fiserv in the 4th quarter valued at $3,323,210,000. State Street Corp acquired a new position in Fiserv in the 4th quarter worth $1,588,663,000. Geode Capital Management LLC bought a new position in Fiserv during the 4th quarter worth about $854,215,000. Finally, Amundi bought a new position in Fiserv during the 4th quarter worth about $825,819,000. Institutional investors 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.