Jefferies Financial Group Forecasts Strong Price Appreciation for Fiserv (NASDAQ:FISV) Stock

Fiserv (NASDAQ:FISV) had its price objective raised by equities researchers at Jefferies Financial Group from $60.00 to $65.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s price target indicates a potential downside of 3.56% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. Tigress Financial set a $95.00 target price on Fiserv and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Stephens set a $75.00 target price on Fiserv in a research report on Friday, January 16th. Truist Financial lowered shares of Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $143.00 to $75.00 in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $114.78.

Fiserv Stock Performance

FISV opened at $67.40 on Wednesday. The firm has a fifty day moving average price of $65.86 and a 200 day moving average price of $106.58. Fiserv has a 1 year low of $59.56 and a 1 year high of $238.59. The stock has a market cap of $36.64 billion, a P/E ratio of 10.42, a P/E/G ratio of 3.77 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results 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). The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Equities research analysts anticipate that Fiserv will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was bought 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 owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

Several large investors have recently added to or reduced their stakes in FISV. Brighton Jones LLC boosted its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, CCM Investment Advisers LLC increased its holdings in shares of Fiserv by 4.7% during the 2nd quarter. CCM Investment Advisers LLC now owns 71,058 shares of the business services provider’s stock worth $12,251,000 after buying an additional 3,196 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.