Fiserv (NASDAQ:FISV) Given New $65.00 Price Target at Jefferies Financial Group

Fiserv (NASDAQ:FISV) had its price objective increased by research analysts at Jefferies Financial Group from $60.00 to $65.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 0.17% from the stock’s current price.

A number of other equities research analysts have also issued reports on FISV. B. Riley cut their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. UBS Group set a $75.00 price target on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective for the company. in a report on Wednesday, October 29th. Finally, Stephens set a $75.00 price objective on Fiserv in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $113.08.

Fiserv Price Performance

FISV stock traded up $0.62 during trading on Wednesday, reaching $65.11. The company’s stock had a trading volume of 1,351,440 shares, compared to its average volume of 9,252,138. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average is $65.76 and its 200-day moving average is $107.14. The company has a market capitalization of $35.39 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 2.72 and a beta of 0.80. Fiserv has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the previous year, the firm earned $2.30 earnings per share. Fiserv’s revenue was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, research analysts expect that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 34,900 shares of company stock worth $2,211,971 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in Fiserv in the 4th quarter worth about $27,000. Sound Income Strategies LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $28,000. Mendota Financial Group LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its holdings in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Fiserv in the third quarter worth approximately $30,000. 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.