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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Cowen cut shares of Fiserv from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $144.00 to $126.00 in a research report on Tuesday, April 12th. Tigress Financial boosted their target price on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. Truist Financial lowered their price target on Fiserv from $105.00 to $95.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Wells Fargo & Company boosted their price target on shares of Fiserv to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $135.00 to $115.00 in a research note on Monday, July 11th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.46.

Fiserv Stock Performance

Shares of FISV Stock traded down $0.21 during midday trading on Monday, hitting $105.87. The company had a trading volume of 53,156 shares, compared to its average volume of 3,520,131. The stock has a market cap of $67.71 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. The company's 50 day simple moving average is $96.34 and its 200 day simple moving average is $98.09. Fiserv has a 52-week low of $87.03 and a 52-week high of $119.86.

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 for the quarter, beating analysts' consensus estimates of $1.55 by $0.01. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.06 billion. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. Research analysts anticipate that Fiserv will post 6.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, Director Holdings L.P. Valueact bought 291,659 shares of Fiserv stock in a transaction on Monday, June 13th. The stock was bought at an average price of $89.65 per share, with a total value of $26,147,229.35. Following the completion of the acquisition, the director now owns 14,439,435 shares in the company, valued at $1,294,495,347.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Holdings L.P. Valueact bought 291,659 shares of the stock in a transaction on Monday, June 13th. The shares were bought at an average cost of $89.65 per share, for a total transaction of $26,147,229.35. Following the completion of the transaction, the director now owns 14,439,435 shares of the company's stock, valued at approximately $1,294,495,347.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 15,000 shares of Fiserv stock in a transaction that occurred on 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 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 quarter, insiders sold 49,000 shares of company stock worth $5,072,700. 1.00% of the stock is owned by corporate insiders.