B. Riley Financial Has Lowered Expectations for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price cut by research analysts at B. Riley Financial from $66.00 to $51.00 in a research note issued on Monday, MarketBeat.com reports. The firm currently has a “neutral” rating on the business services provider’s stock. B. Riley Financial’s price target indicates a potential upside of 12.43% from the company’s previous close.

Several other brokerages have also weighed in on FISV. Susquehanna decreased their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a report on Friday, August 7th. Truist Financial set a $53.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research report on Thursday, August 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $53.00 target price on shares of Fiserv in a research note on Monday, August 31st. Finally, Stephens reissued an “equal weight” rating and issued a $57.00 price target on shares of Fiserv in a research report on Tuesday, August 11th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.70.

Fiserv Price Performance

Fiserv stock opened at $45.36 on Monday. The business’s 50 day simple moving average is $51.34 and its 200 day simple moving average is $53.71. Fiserv has a 12 month low of $44.82 and a 12 month high of $130.40. The company has a market cap of $24.12 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 4.59 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv’s quarterly revenue was down 4.1% compared to the same quarter last year. Sell-side analysts forecast that Fiserv will post 7.26 EPS for the current year.

Insider Transactions at Fiserv

In related news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Wealth Asset Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. Reflection Asset Management purchased a new stake in Fiserv in the 4th quarter worth approximately $36,000. IAG Wealth Partners LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $41,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Fiserv in the 2nd quarter valued at $30,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv News Roundup

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Activist investor Jana Partners is urging Fiserv to accelerate planned cost reductions and adopt Palantir’s software. If implemented effectively, the measures could improve operating efficiency, margins and cash flow, potentially supporting the stock’s valuation. Activist Jana pushes Fiserv to accelerate cost cuts and tap Palantir
• Neutral Sentiment: One Seeking Alpha analysis argues that the market may be overreacting to a one-time decline, suggesting the selloff could create value if Fiserv’s longer-term fundamentals remain intact. Fiserv: The Market Is Overreacting To A One-Off Decline
• Negative Sentiment: Jana’s pressure also highlights investor dissatisfaction with Fiserv’s current strategy and performance. The activist reportedly wants the company to increase cost-cutting plans, raising execution risk and uncertainty about management’s response. FISV heads for worst month as Jana pushes deeper cost cuts
• Negative Sentiment: B. Riley lowered its Fiserv price target from $66 to $51 and maintained a neutral rating, reflecting reduced confidence in near-term growth and earnings potential. Although the revised target implies upside from the current level, the size of the cut is weighing on sentiment. Fiserv stock price target lowered at B. Riley Financial
• Negative Sentiment: Another analysis says Fiserv’s low valuation alone is not sufficient to justify buying the stock because a muted growth outlook could reduce its long-term earnings value. This reinforces concerns following the company’s recent revenue and earnings miss. Fiserv: Low Valuation Is Not A Reason To Buy

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.