Fiserv (NYSE:FI) Hits New 1-Year Low - What's Next?

Key Points

• Fiserv's shares hit a new 52-week low, trading as low as $127.41, with a last trade at $128.87, down from a previous close of $130.45.
• Analysts have varied opinions on the stock, with target prices ranging from $130.00 by Jefferies to $190.00 by JPMorgan, reflecting a consensus rating of "Moderate Buy" and a target price of $205.96.
• Fiserv reported earnings of $2.47 per share in its latest earnings results, surpassing estimates, with revenue up 8% compared to the same quarter last year.

Fiserv, Inc. (NYSE:FI - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $127.41 and last traded at $128.87, with a volume of 4763643 shares traded. The stock had previously closed at $130.45.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Jefferies Financial Group lowered their price objective on shares of Fiserv from $140.00 to $130.00 and set a "hold" rating for the company in a research report on Monday. Truist Financial increased their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Stephens lowered their price objective on shares of Fiserv from $240.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $205.96.

Fiserv Trading Down 1.2%

The firm has a market cap of $70.05 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.85 and a beta of 0.94. The business's 50-day moving average is $135.51 and its two-hundred day moving average is $167.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp grew its position in Fiserv by 5.4% in the second quarter. Texas Permanent School Fund Corp now owns 64,882 shares of the business services provider's stock valued at $11,186,000 after purchasing an additional 3,352 shares in the last quarter. Caldwell Trust Co bought a new position in Fiserv in the second quarter valued at $766,000. Troy Asset Management Ltd grew its position in Fiserv by 20.5% in the second quarter. Troy Asset Management Ltd now owns 317,208 shares of the business services provider's stock valued at $54,690,000 after purchasing an additional 54,036 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Fiserv by 77.8% in the 2nd quarter. Osaic Holdings Inc. now owns 105,215 shares of the business services provider's stock valued at $19,630,000 after acquiring an additional 46,031 shares during the period. Finally, Centaurus Financial Inc. grew its position in shares of Fiserv by 4.8% in the 2nd quarter. Centaurus Financial Inc. now owns 3,107 shares of the business services provider's stock valued at $536,000 after acquiring an additional 142 shares during the period. Institutional investors own 90.98% of the company's stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.

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