Fiserv (NASDAQ:FISV) Stock Gets Price Target Bump from Citigroup

Key Points

• Citigroup raised its Fiserv price target from $62 to $67, while maintaining a neutral rating; the target implies 5.38% upside from the prior close.
• Analyst sentiment remains broadly cautious: MarketBeat reports a consensus “Hold” rating and an average price target of $64.64.
• Fiserv reported quarterly EPS of $1.75, beating estimates of $1.72, while revenue of $4.85 billion matched forecasts and declined 1.3% year over year.

Fiserv (NASDAQ:FISV - Get Free Report) had its target price increased by analysts at Citigroup from $62.00 to $67.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the business services provider's stock. Citigroup's price target indicates a potential upside of 5.38% from the company's previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $54.00 target price on shares of Fiserv in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Fiserv from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 4th. Barclays boosted their price target on Fiserv from $50.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 4th. Zacks Research raised Fiserv from a "strong sell" rating to a "hold" rating in a report on Thursday, November 5th. Finally, Sanford C. Bernstein increased their price objective on Fiserv from $60.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Hold" and an average price target of $64.64.

Fiserv Stock Performance

FISV stock traded up $0.26 during trading on Wednesday, reaching $63.58. The company had a trading volume of 3,174,520 shares, compared to its average volume of 7,620,966. The firm has a 50-day simple moving average of $49.75 and a 200-day simple moving average of $54.56. The company has a market cap of $33.83 billion, a price-to-earnings ratio of -8.57, a price-to-earnings-growth ratio of 5.65 and a beta of 0.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv has a twelve month low of $43.87 and a twelve month high of $70.41.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.03. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The company's revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv will post 7.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FISV. William Mack & Associates Inc. purchased a new stake in Fiserv in the third quarter valued at $26,000. Next Level Wealth Planning LLC purchased a new position in shares of Fiserv during the 3rd quarter valued at about $29,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $30,000. Osterweis Capital Management Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $32,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Fiserv by 49.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider's stock worth $39,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Key Stories Impacting Fiserv

Here are a few of the latest stories about FISV:

• Positive Sentiment: Fiserv launched AI-powered eCommerce tools for Clover merchants. The capabilities are designed to help small businesses establish an online presence and get discovered through traditional search and AI-powered shopping, extending Clover’s reach beyond in-store payments. Clover launch announcement
• Neutral Sentiment: Sanford C. Bernstein raised its price target to $70 from $60 but kept a “market perform” rating. Truist lifted its target to $65 from $51 and maintained “hold”; Cantor Fitzgerald also set a $65 target. The higher targets offer some potential upside, but the ratings signal limited near-term conviction. Bernstein analyst recommendations Truist analyst recommendations Cantor Fitzgerald price target
• Neutral Sentiment: A short-interest report describes a large increase but lists short interest at zero shares and a 0.0-day days-to-cover ratio, making the data internally inconsistent and difficult to interpret.

About Fiserv

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.