Fiserv (NASDAQ:FISV – Get Free Report)‘s stock had its “equal weight” rating restated by analysts at Stephens in a research note issued on Tuesday,Benzinga reports. They currently have a $57.00 price target on the business services provider’s stock. Stephens’ target price suggests a potential upside of 9.40% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. TD Cowen dropped their price objective on Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research report on Friday, June 5th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $54.00 price target on shares of Fiserv in a research report on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 price target (down from $62.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Six equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.17.
View Our Latest Report on FISV
Fiserv Price Performance
Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, research analysts expect that Fiserv will post 7.3 EPS for the current year.
Insider Activity at Fiserv
In other news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.
Institutional Investors Weigh In On Fiserv
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $3,507,063,000. Dodge & Cox bought a new stake in Fiserv during the fourth quarter valued at approximately $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv in the 2nd quarter worth approximately $2,079,711,000. State Street Corp bought a new position in shares of Fiserv in the 4th quarter worth $1,588,663,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $854,215,000. 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.
Featured Articles
- Five stocks we like better than Fiserv
- 3 Companies That Could Thrive While the Fed Holds Rates Steady
- Caterpillar’s Blowout Quarter May Point to More Industrial Winners
- Jeff Bezos’ Amazon Sale Looks Less Alarming Than the Headline Suggests
- 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.
