Fiserv - FISV Stock Forecast, Price & News

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. The company was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.

Analysts Set New Price Targets

A number of equities research analysts have commented on FISV shares. Tigress Financial raised their price objective on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. TheStreet downgraded Fiserv from a "b-" rating to a "c+" rating in a research report on Friday, July 8th. Truist Financial decreased their price target on Fiserv from $105.00 to $95.00 and set a "hold" rating on the stock in a research note on Thursday, June 30th. Wells Fargo & Company boosted their price objective on Fiserv to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Finally, Robert W. Baird dropped their price objective on Fiserv from $144.00 to $132.00 in a report on Wednesday, July 13th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $125.08.

Fiserv Stock Up 0.7 %

Shares of NASDAQ:FISV opened at $110.16 on Tuesday. The stock's 50-day moving average price is $97.21 and its 200-day moving average price is $98.30. Fiserv has a 12-month low of $87.03 and a 12-month high of $119.86. The stock has a market capitalization of $70.46 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 1.25 and a beta of 0.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66.

Fiserv (NASDAQ:FISV - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.01. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The firm had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.06 billion. During the same period last year, the firm earned $1.37 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv will post 6.49 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 15,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief operating officer now directly owns 216,864 shares in the company, valued at $21,686,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Holdings L.P. Valueact acquired 291,659 shares of the stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of $89.65 per share, for a total transaction of $26,147,229.35. Following the completion of the acquisition, the director now directly owns 14,439,435 shares of the company's stock, valued at approximately $1,294,495,347.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 15,000 shares of the firm's stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief operating officer now owns 216,864 shares of the company's stock, valued at $21,686,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,000 shares of company stock valued at $5,072,700. 1.00% of the stock is currently owned by insiders.