B. Riley Cuts Fiserv (NASDAQ:FISV) Price Target to $76.00

Fiserv (NASDAQ:FISV) had its target price lowered by B. Riley from $105.00 to $76.00 in a research note published on Friday morning,MarketScreener reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other analysts have also weighed in on FISV. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Fiserv in a research note on Thursday, December 4th. Seaport Res Ptn downgraded shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research upgraded shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Citigroup decreased their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.92.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $66.29 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $36.03 billion, a PE ratio of 10.25, a PEG ratio of 2.67 and a beta of 0.80. The firm has a 50 day moving average of $65.69 and a 200-day moving average of $108.69. Fiserv has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, equities research analysts predict that Fiserv will post 10.23 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 34,900 shares of company stock worth $2,211,971 over the last three months. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Fiserv in the 3rd quarter worth about $28,000. True Wealth Design LLC grew its stake in Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Fiserv in the third quarter worth approximately $30,000. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter valued at approximately $34,000. Finally, Clear Street LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Company Profile

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.