On Friday, June 3, 2023, $FISV opened at $112.75 per share. The company’s debt-to-equity ratio is currently at 0.71; with a quick ratio of 1.08 and a current ratio of 1.08. Its 52-week low as $87.03 and its high was $122.39, with a market cap of $70.82 billion.
Fiserv has been receiving increasing attention from equities analysts in recent months, with several raising their price targets on the company’s stock. Tigress Financial increased theirs to $160 from $154 while Truist Financial raised theirs to $130 from $105, and finally, Credit Suisse Group raised theirs to $130 from $115.
Royal Bank of Canada also upped their price target but only slightly from $123 to $131 but still gave the stock an “outperform” rating alongside Raymond James and Credit Suisse Group.
Fiserv presently has an average rating of “Moderate Buy” with the current average price target standing at $132.16.
Among institutional investors and hedge funds who made changes to their positions in FISV are ST Germain D J Co., Atlas Capital Advisors LLC, Sunbelt Securities Inc., Colonial Trust Advisors, and Coppell Advisory Solutions Corp; all totaling 88.79% of the company’s stock.
Fiserv recently issued its quarterly earnings report on April 25th with business services achieving revenue upwards of $4.55 billion during that time frame as compared to last year’s same quarter ending in April where they earned EPS (earnings per share) of about 1.40 versus this year’s Q1 earning them approximately EPS amounting to around 1.58 beating consensus estimates of $1.56 by two cents.
Investors are continuing to keep a watchful eye on Fiserv as it continues to grow and expand with an increasing focus on nurturing strategic partnerships with other financial industry players. Despite the ongoing pattern from the pandemic, investors continue to see growth in fintech industries and authorities indicate that they have no signs of stopping any time soon.
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