TD Cowen Cuts Fiserv (NASDAQ:FISV) Price Target to $77.00

Fiserv (NASDAQ:FISV) had its target price cut by TD Cowen from $80.00 to $77.00 in a report published on Monday morning,MarketScreener reports. They currently have a hold rating on the business services provider’s stock.

Several other analysts have also issued reports on FISV. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of Fiserv in a report on Monday. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Argus reissued a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus target price of $114.32.

Fiserv Stock Performance

Shares of Fiserv stock traded down $0.72 during trading on Monday, hitting $66.78. 10,636,649 shares of the company’s stock traded hands, compared to its average volume of 9,979,786. Fiserv has a 1 year low of $59.56 and a 1 year high of $238.59. The business has a 50-day simple moving average of $65.54 and a 200-day simple moving average of $110.62. The stock has a market capitalization of $36.30 billion, a P/E ratio of 10.32, a PEG ratio of 2.68 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.60). The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Fiserv’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, analysts forecast that Fiserv will post 10.23 EPS for the current year.

Insider Activity

In related news, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 34,900 shares of company stock valued at $2,211,971 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Norges Bank acquired a new position in shares of Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi boosted its stake in shares of Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after buying an additional 807,916 shares during the last quarter. Legal & General Group Plc grew its holdings in Fiserv by 3.8% during the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after acquiring an additional 131,935 shares during the period. Finally, Barclays PLC raised its position in Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after acquiring an additional 1,895,349 shares in the last quarter. 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.