Fiserv (NASDAQ:FISV – Get Free Report) had its price objective boosted by equities research analysts at Cantor Fitzgerald from $48.00 to $65.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald‘s target price points to a potential upside of 3.37% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their target price on Fiserv from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Truist Financial set a $51.00 price target on shares of Fiserv and gave the stock a “hold” rating in a report on Friday, October 23rd. B. Riley Financial restated a “neutral” rating and set a $60.00 price target (up from $51.00) on shares of Fiserv in a research report on Wednesday, November 4th. Susquehanna decreased their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. Finally, TD Cowen lifted their price objective on shares of Fiserv from $49.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and an average price target of $63.74.
Check Out Our Latest Report on Fiserv
Fiserv Stock Performance
FISV stock opened at $62.88 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. The firm has a market cap of $33.46 billion, a PE ratio of -8.47, a P/E/G ratio of 5.60 and a beta of 0.85. The business has a 50 day moving average of $49.34 and a 200-day moving average of $54.59. Fiserv has a 12-month low of $43.87 and a 12-month high of $70.41.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv will post 7.27 earnings per share for the current year.
Institutional Trading of Fiserv
Several hedge funds have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC increased its holdings in Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after acquiring an additional 195 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 215 shares during the period. Intelligence Driven Advisers LLC lifted its holdings in Fiserv by 4.0% during the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock valued at $296,000 after purchasing an additional 250 shares during the last quarter. Plan A Wealth LLC lifted its holdings in Fiserv by 4.2% during the third quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 277 shares during the last quarter. Finally, Gilpin Wealth Management LLC boosted its position in Fiserv by 22.6% during the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after purchasing an additional 281 shares during the period. 90.98% of the stock is currently owned by institutional investors.
About Fiserv
Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions.
For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools.
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