Rothschild & Co Redburn Lowers Fiserv (NASDAQ:FISV) Price Target to $40.00

Fiserv (NASDAQ:FISV) had its target price reduced by Rothschild & Co Redburn from $50.00 to $40.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s price objective indicates a potential downside of 26.27% from the stock’s current price.

Other research analysts have also issued reports about the company. Compass Point reduced their target price on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Truist Financial dropped their price target on Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Tigress Financial reissued a “buy” rating and set a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Finally, Loop Capital assumed coverage on shares of Fiserv in a report on Tuesday, March 31st. They set a “hold” rating and a $62.00 target price on the stock. Eight research 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.57.

Fiserv Trading Down 0.3%

Fiserv stock traded down $0.14 during midday trading on Tuesday, hitting $54.25. 402,716 shares of the stock were exchanged, compared to its average volume of 7,654,034. The stock has a market capitalization of $28.93 billion, a PE ratio of 9.19, a P/E/G ratio of 1.72 and a beta of 0.84. The company has a fifty day simple moving average of $58.82 and a two-hundred day simple moving average of $64.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv has a 52 week low of $52.91 and a 52 week high of $191.91.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 for the quarter, compared to analyst estimates of $4.73 billion. Fiserv’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. Equities research analysts anticipate that Fiserv will post 8.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Fiserv during the fourth quarter worth $3,507,063,000. Dodge & Cox bought a new stake in Fiserv during the 4th quarter worth about $3,323,210,000. State Street Corp bought a new stake in Fiserv during the 4th quarter worth about $1,588,663,000. Geode Capital Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $854,215,000. Finally, Amundi acquired a new position in shares of Fiserv during the 4th quarter worth about $825,819,000. Institutional investors and hedge funds 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.