Fiserv (NASDAQ:FISV) Shares Gap Down – Here’s Why

Fiserv, Inc. (NASDAQ:FISV)’s share price gapped down before the market opened on Monday . The stock had previously closed at $53.78, but opened at $49.31. Fiserv shares last traded at $49.90, with a volume of 4,421,232 shares changing hands.

Trending Headlines about Fiserv

Here are the key news stories impacting Fiserv this week:

• Neutral Sentiment: Fiserv appointed Takis Georgakopoulos as CEO and board member, replacing Mike Lyons effective immediately after Lyons left to lead Truist Financial. Fiserv Announces Leadership Transition
• Neutral Sentiment: The company said the leadership move was not tied to a change in its operating outlook, which it reiterated alongside the transition. Fiserv Names Takis Georgakopoulos CEO as Mike Lyons Moves to Truist
• Negative Sentiment: Investors seem concerned that the sudden CEO change could create near-term execution risk, strategy uncertainty, and disruption to client relationships and management continuity. Fiserv Stock Crashes On CEO’s Sudden Departure. ‘A Bad Look,’ Says Analyst.
• Negative Sentiment: Options activity also pointed to bearish sentiment, with traders buying an unusually high number of Fiserv put options.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Loop Capital cut their price target on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a report on Friday, June 5th. Rothschild & Co Redburn cut their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. Finally, Truist Financial set a $58.00 price target on Fiserv and gave the company a “hold” rating in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.23.

Fiserv Stock Performance

The firm has a 50 day simple moving average of $57.33 and a 200-day simple moving average of $61.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.51 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results 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 company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Oakworth Capital Inc. purchased a new position in shares of Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv in the fourth quarter valued at $25,000. American National Bank & Trust purchased a new position in Fiserv in the fourth quarter valued at $27,000. Kimelman & Baird LLC purchased a new position in Fiserv in the fourth quarter valued at $27,000. Finally, Goodman Advisory Group LLC purchased a new position in Fiserv in the fourth quarter valued at $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.