Fiserv (NASDAQ:FISV) Now Covered by Barclays

by · The Markets Daily

Barclays assumed coverage on shares of Fiserv (NASDAQ:FISVGet Free Report) in a note issued to investors on Wednesday,Benzinga reports. The firm set an “equal weight” rating on the business services provider’s stock.

A number of other analysts also recently weighed in on the stock. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. BMO Capital Markets increased their price objective on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, May 15th. Tigress Financial reissued a “buy” rating and set a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. The Goldman Sachs Group cut their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Finally, UBS Group set a $65.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.20.

Read Our Latest Stock Report on Fiserv

Fiserv Trading Up 1.8%

NASDAQ:FISV opened at $52.71 on Wednesday. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82. Fiserv has a one year low of $47.04 and a one year high of $173.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $53.89 and its 200 day simple moving average is $59.20.

Fiserv (NASDAQ:FISVGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. The business’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. As a group, sell-side analysts predict that Fiserv will post 8.14 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $3,507,063,000. Dodge & Cox acquired a new position in Fiserv during the 4th quarter valued at approximately $3,323,210,000. State Street Corp bought a new position in Fiserv during the 4th quarter worth $1,588,663,000. Geode Capital Management LLC acquired a new stake in Fiserv in the fourth quarter worth $854,215,000. Finally, Amundi acquired a new stake in Fiserv in the fourth quarter worth $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv News Roundup

Here are the key news stories impacting Fiserv this week:

About Fiserv

(Get Free Report)

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.

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