JPMorgan Chase & Co. Cuts Fiserv (NASDAQ:FISV) Price Target to $62.00

Fiserv (NASDAQ:FISVFree Report) had its target price trimmed by JPMorgan Chase & Co. from $75.00 to $62.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Several other analysts have also recently commented on the stock. Mizuho decreased their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Citigroup reduced their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group lowered their price target on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. BMO Capital Markets increased their price target on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Finally, Barclays assumed coverage on Fiserv in a research note on Wednesday. They set an “equal weight” rating and a $58.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.23.

Read Our Latest Stock Report on FISV

Fiserv Stock Down 2.3%

Fiserv stock opened at $50.45 on Wednesday. The business’s 50-day simple moving average is $53.24 and its two-hundred day simple moving average is $58.90. 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 company has a market cap of $26.90 billion, a PE ratio of 8.55, a PEG ratio of 1.45 and a beta of 0.82. Fiserv has a fifty-two week low of $47.04 and a fifty-two week high of $169.74.

Fiserv (NASDAQ:FISVGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts anticipate that Fiserv will post 8.13 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction that occurred on 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 acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Fiserv

Large investors have recently made changes to their positions in the company. Tema ETFs LLC grew its holdings in shares of Fiserv by 16.2% during the second quarter. Tema ETFs LLC now owns 11,809 shares of the business services provider’s stock worth $579,000 after buying an additional 1,645 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Fiserv by 16.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after acquiring an additional 25,477 shares in the last quarter. Fulton Bank N.A. raised its holdings in Fiserv by 22.3% in the 2nd quarter. Fulton Bank N.A. now owns 29,492 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 5,386 shares during the last quarter. Atlas Brown Inc. purchased a new position in Fiserv in the 2nd quarter worth approximately $232,000. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after purchasing an additional 195 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

More Fiserv News

Here are the key news stories impacting Fiserv this week:

Fiserv Company Profile

(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.

Further Reading

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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