Truist Financial Cuts Fiserv (NASDAQ:FISV) Price Target to $65.00

Fiserv (NASDAQ:FISV) had its target price trimmed by Truist Financial from $71.00 to $65.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a hold rating on the business services provider’s stock.

Several other research analysts have also recently commented on FISV. Jefferies Financial Group raised their target price on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Susquehanna reissued a “positive” rating and issued a $99.00 target price (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. BTIG Research restated a “buy” rating and set a $180.00 price target on shares of Fiserv in a research note on Wednesday, October 29th. Finally, KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $109.74.

Fiserv Stock Up 0.6%

Shares of FISV opened at $62.29 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $64.50 and a 200-day simple moving average of $90.11. Fiserv has a 52 week low of $57.79 and a 52 week high of $238.59. The firm has a market capitalization of $33.31 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.91 and a beta of 0.78.

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

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in Fiserv in the 4th quarter worth approximately $3,507,063,000. Dodge & Cox bought a new position in Fiserv in the fourth quarter valued at about $3,323,210,000. State Street Corp acquired a new stake in Fiserv in the fourth quarter worth about $1,588,663,000. Geode Capital Management LLC bought a new stake in Fiserv during the 4th quarter worth about $854,215,000. Finally, Amundi acquired a new position in Fiserv during the 4th quarter valued at about $825,819,000. 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.