Fiserv (NASDAQ:FISV) Sets New 52-Week Low Following Analyst Downgrade

Shares of Fiserv, Inc. (NASDAQ:FISV) hit a new 52-week low during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $63.00 to $60.00. The stock traded as low as $52.61 and last traded at $52.86, with a volume of 1008815 shares trading hands. The stock had previously closed at $54.88.

Several other equities analysts have also recently weighed in on FISV. Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Tigress Financial restated a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Loop Capital assumed coverage on Fiserv in a research note on Tuesday, March 31st. They issued a “hold” rating and a $62.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.57.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FISV. Vanguard Group Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $3,507,063,000. Dodge & Cox bought a new stake in shares of Fiserv during the 4th quarter valued at approximately $3,323,210,000. Capital World Investors increased its position in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. State Street Corp bought a new position in Fiserv in the 4th quarter valued at approximately $1,588,663,000. Finally, Geode Capital Management LLC bought a new position in Fiserv in the 4th quarter valued at approximately $854,215,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

The business’s 50-day simple moving average is $58.67 and its two-hundred day simple moving average is $64.17. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.68 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:FISV) last announced its quarterly 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 net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

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.