Fiserv (NASDAQ:FISV) Sets New 12-Month Low Following Analyst Downgrade

Shares of Fiserv, Inc. (NASDAQ:FISV) reached a new 52-week low on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $63.00 to $60.00. The stock traded as low as $52.61 and last traded at $52.86, with a volume of 1008815 shares. The stock had previously closed at $54.88.

Other equities analysts have also recently issued research reports about the company. B. Riley Financial cut their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. BNP Paribas Exane lowered their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Loop Capital initiated coverage on shares of Fiserv in a research note on Tuesday, March 31st. They issued a “hold” rating and a $62.00 price target on the stock. Stephens reduced their price target on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Finally, Wells Fargo & Company lowered 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. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.57.

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB grew its holdings in Fiserv by 4.1% during the third quarter. Nordea Investment Management AB now owns 2,003,668 shares of the business services provider’s stock worth $258,854,000 after purchasing an additional 78,220 shares during the period. Chicago Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $1,316,000. AGF Management Ltd. boosted its stake in shares of Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after acquiring an additional 69,383 shares during the period. National Pension Service increased its holdings in shares of Fiserv by 2.6% during the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock worth $157,001,000 after acquiring an additional 30,951 shares during the last quarter. Finally, Machina Capital S.A.S. increased its holdings in shares of Fiserv by 256.8% in the third quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after purchasing an additional 33,949 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

The firm has a market cap of $28.28 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The stock’s 50 day moving average is $58.67 and its 200 day moving average is $64.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 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%.The firm’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. Analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

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.