Fiserv (NASDAQ:FISV) Given New $65.00 Price Target at Morgan Stanley

Fiserv (NASDAQ:FISV) had its target price hoisted by equities research analysts at Morgan Stanley from $64.00 to $65.00 in a research note issued on Friday,MarketScreener reports. Morgan Stanley’s price objective suggests a potential upside of 16.97% from the company’s current price.

Several other research analysts also recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Truist Financial decreased their price target on Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Susquehanna reissued a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Finally, Wells Fargo & Company cut their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.00.

Fiserv Stock Down 0.5%

Fiserv stock traded down $0.26 during mid-day trading on Friday, reaching $55.57. 355,413 shares of the company’s stock were exchanged, compared to its average volume of 7,519,368. Fiserv has a twelve month low of $52.17 and a twelve month high of $177.36. The company has a fifty day moving average of $57.57 and a 200-day moving average of $61.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market cap of $29.63 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last announced 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. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts expect that Fiserv will post 8.14 EPS for the current year.

Institutional Trading of Fiserv

Institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $25,000. American National Bank & Trust acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.