Wells Fargo & Company Issues Pessimistic Forecast for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price reduced by equities research analysts at Wells Fargo & Company from $72.00 to $62.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 12.56% from the stock’s previous close.

FISV has been the subject of a number of other reports. Northcoast Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (down from $75.00) on shares of Fiserv in a research note on Wednesday, February 11th. Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Compass Point cut their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $107.55.

Fiserv Price Performance

NASDAQ:FISV opened at $55.08 on Friday. The firm’s fifty day moving average is $61.15 and its two-hundred day moving average is $80.09. The firm has a market cap of $29.46 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.75 and a beta of 0.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. Fiserv has a one year low of $55.08 and a one year high of $227.00.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business posted $2.51 EPS. The company’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv will post 10.23 EPS for the current year.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $3,507,063,000. Dodge & Cox purchased a new position in Fiserv during the fourth quarter worth approximately $3,323,210,000. Capital World Investors boosted its stake in Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares during the last quarter. State Street Corp purchased a new stake in Fiserv in the 4th quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth $854,215,000. Hedge funds and other institutional investors 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.