Fiserv (NASDAQ:FISV) Shares Gap Up – What’s Next?

by · The Markets Daily

Fiserv, Inc. (NASDAQ:FISVGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $51.78, but opened at $54.03. Fiserv shares last traded at $54.35, with a volume of 3,526,796 shares trading hands.

Trending Headlines about Fiserv

Here are the key news stories impacting Fiserv this week:

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. Morgan Stanley boosted their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a report on Friday, June 5th. Wells Fargo & Company lowered their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Finally, BMO Capital Markets lifted their price objective on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $77.87.

Check Out Our Latest Report on Fiserv

Fiserv Price Performance

The firm has a market cap of $26.98 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.48 and a beta of 0.82. The stock’s 50-day moving average is $53.67 and its 200-day moving average is $59.08. 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 (NASDAQ:FISVGet Free Report) last issued its quarterly earnings results 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. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’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, equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC lifted its holdings in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 483 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL increased its stake in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

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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