TD Cowen Issues Pessimistic Forecast for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price cut by equities research analysts at TD Cowen from $80.00 to $77.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm presently has a “hold” rating on the business services provider’s stock. TD Cowen’s target price would suggest a potential upside of 15.30% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. BNP Paribas Exane reissued a “neutral” rating and set a $62.00 target price on shares of Fiserv in a research note on Wednesday, November 5th. Mizuho cut their price objective on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Jefferies Financial Group reduced their target price on Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a report on Monday, November 24th. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.32.

Fiserv Stock Performance

Fiserv stock traded down $0.72 during trading hours on Monday, reaching $66.78. 10,636,649 shares of the stock were exchanged, compared to its average volume of 9,979,786. Fiserv has a 52-week low of $59.56 and a 52-week high of $238.59. The stock has a market cap of $36.30 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.68 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50 day moving average is $65.54 and its 200 day moving average is $110.62.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 34,900 shares of company stock valued at $2,211,971 over the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Fiserv during the second quarter valued at about $1,252,260,000. Capital World Investors boosted its holdings in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Marshall Wace LLP acquired a new stake in Fiserv during the 2nd quarter valued at approximately $356,643,000. Barclays PLC raised its position in shares of Fiserv by 116.0% in the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after purchasing an additional 1,895,349 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. 90.98% of the stock is 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.