Fiserv (NASDAQ:FISV) Given New $67.00 Price Target at Citigroup

Fiserv (NASDAQ:FISV) had its price objective hoisted by Citigroup from $62.00 to $67.00 in a research report released on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the business services provider’s stock.

Other analysts have also issued reports about the company. TD Cowen lifted their price target on Fiserv from $49.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Argus raised Fiserv from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, November 4th. Cantor Fitzgerald raised their price objective on Fiserv from $48.00 to $65.00 and gave the company a “neutral” rating in a report on Monday. UBS Group lifted their target price on shares of Fiserv from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 4th. Finally, Morgan Stanley upped their target price on shares of Fiserv from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Six research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.64.

Fiserv Stock Up 0.9%

FISV stock opened at $63.90 on Wednesday. Fiserv has a 52 week low of $43.87 and a 52 week high of $70.41. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. The firm has a 50-day simple moving average of $49.99 and a 200-day simple moving average of $54.54. The stock has a market capitalization of $34.00 billion, a P/E ratio of -8.61, a P/E/G ratio of 5.63 and a beta of 0.85.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts forecast that Fiserv will post 7.28 earnings per share for the current fiscal year.

Institutional Trading of Fiserv

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Fiserv during the second quarter worth about $2,079,711,000. JANA Partners Management LP grew its stake in shares of Fiserv by 97.5% in the 1st quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock valued at $247,507,000 after buying an additional 2,190,085 shares during the period. Deutsche Bank AG purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $178,310,000. Legal & General Group Plc purchased a new stake in shares of Fiserv during the 2nd quarter valued at approximately $161,557,000. Finally, Turtle Creek Asset Management Inc. lifted its holdings in Fiserv by 968.1% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock valued at $147,517,000 after acquiring an additional 2,396,167 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Fiserv News

Investors following FISV have been watching these news items:

• Positive Sentiment: Clover adds AI-powered eCommerce features: Fiserv launched tools intended to help small businesses build an online presence and get discovered through traditional search and AI shopping experiences. The expansion could help Clover serve merchants across both in-store and online commerce. Article: Fiserv’s Clover Adds AI Tools to Help Small Businesses Reach eCommerce Shoppers
• Positive Sentiment: Analysts lifted price targets: Citigroup raised its target from $62 to $67 while keeping a neutral rating; Bernstein raised its target from $60 to $70 and maintained a market-perform rating. Truist also increased its target, from $51 to $65, but kept a hold rating. The revisions suggest improved price expectations, though analysts remain cautious rather than strongly bullish. Fiserv Stock Price Targets
• Neutral Sentiment: Valuation commentary is favorable but not a new company development: A Yahoo Finance article argues Fiserv appears undervalued based on its excess returns. This may support investor interest, but it is an outside analysis rather than a change to the company’s outlook. Article: Fiserv Stock Looks Undervalued With Strong Excess Returns

Fiserv Company Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.