Cantor Fitzgerald Cuts Fiserv (NASDAQ:FISV) Price Target to $62.00

Fiserv (NASDAQ:FISV) had its target price reduced by research analysts at Cantor Fitzgerald from $70.00 to $62.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald’s price target points to a potential upside of 11.75% from the company’s current price.

Other research analysts have also issued reports about the company. Mizuho lowered their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. BNP Paribas Exane reduced their price objective on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Finally, Morgan Stanley cut their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $87.21.

Fiserv Stock Performance

FISV opened at $55.48 on Monday. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a 1-year low of $52.91 and a 1-year high of $191.91. The business has a 50 day moving average price of $59.09 and a two-hundred day moving average price of $65.65.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts predict that Fiserv will post 8.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently made changes to their positions in FISV. Brighton Jones LLC grew its holdings 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 in the last quarter. Bison Wealth LLC raised its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares during the last quarter. Jump Financial LLC purchased a new position in Fiserv in the second quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares in the last quarter. 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.