Truist Financial Cuts Fiserv (NASDAQ:FISV) Price Target to $52.00

Fiserv (NASDAQ:FISV) had its price objective reduced by Truist Financial from $58.00 to $52.00 in a research note issued to investors on Friday, Marketbeat reports. They currently have a hold rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley upped their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. BMO Capital Markets reissued a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a research report on Wednesday. Finally, Susquehanna restated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.57.

Fiserv Stock Performance

Shares of FISV stock opened at $51.02 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. The business has a 50-day moving average price of $52.21 and a two-hundred day moving average price of $57.67. Fiserv has a 12-month low of $47.04 and a 12-month high of $144.05. The firm has a market cap of $27.21 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.43 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, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts anticipate that Fiserv will post 8.13 EPS for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds have recently bought and sold shares of the business. Chicago Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at about $1,316,000. ZWJ Investment Counsel Inc. purchased a new position in shares of Fiserv in the fourth quarter worth approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new stake in Fiserv during the fourth quarter valued at approximately $4,127,000. KLP Kapitalforvaltning AS purchased a new stake in Fiserv during the fourth quarter valued at approximately $14,907,000. Finally, Sequoia Financial Advisors LLC bought a new position in Fiserv in the fourth quarter worth approximately $1,996,000. Hedge funds and other 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.