BMO Capital Markets Raises Fiserv (NASDAQ:FISV) Price Target to $60.00

Fiserv (NASDAQ:FISVGet Free Report) had its target price raised by equities researchers at BMO Capital Markets from $55.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 12.23% from the stock’s current price.

FISV has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Citigroup decreased their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Susquehanna reaffirmed a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Royal Bank Of Canada set a $75.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald decreased their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.40.

View Our Latest Analysis on Fiserv

Fiserv Stock Up 2.1%

Fiserv stock opened at $53.46 on Friday. The stock’s 50 day moving average price is $58.29 and its 200 day moving average price is $63.16. Fiserv has a 1-year low of $52.17 and a 1-year high of $190.86. The company has a market cap of $28.51 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISVGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The company’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, sell-side analysts predict that Fiserv will post 8.14 EPS for the current fiscal year.

Institutional Trading of Fiserv

Several institutional investors and hedge funds have recently modified their holdings of the business. Stonebridge Capital Advisors LLC raised its position in shares of Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares during the last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Fiserv by 50.3% during the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock worth $61,000 after buying an additional 158 shares in the last quarter. Twin City Private Wealth LLC raised its holdings in shares of Fiserv by 5.0% in the third quarter. Twin City Private Wealth LLC now owns 3,562 shares of the business services provider’s stock worth $459,000 after acquiring an additional 170 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE raised its holdings in shares of Fiserv by 0.3% in the third quarter. Smithbridge Asset Management Inc. DE now owns 49,774 shares of the business services provider’s stock worth $6,417,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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About Fiserv

(Get Free Report)

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.

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