Stock of the Day

October 29, 2024

Fiserv (FISV)

$52.09
-$1.22 (-2.3%)
Market Cap: $27.70B

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. The Merchant Acceptance segment provides merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Clover, a cloud based POS and integrated commerce operating system for small and mid-sized businesses and independent software vendors; and Carat, an integrated operating system for large businesses. 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 in the form of joint venture alliances, revenue sharing alliances, and referral agreement. The Financial Technology 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, check processing, and other products and services. The Payments and Network segment offers card transactions, such as debit, credit, and prepaid card processing and services; funds access, debit payments, cardless ATM access, and surcharge-free ATM network; 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 merchants, banks, credit unions, other financial institutions, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Milwaukee, Wisconsin.

Today's Trend

Fiserv, Inc. (NASDAQ: FISV) shares have increased as investors weigh a director’s sizable stock purchase and a reaffirmed analyst price target against lowered expectations and recent operating weakness.

  • Director Lance M. Fritz purchased 10,000 Fiserv shares for approximately $519,500, increasing his ownership by 58%. The insider buying may signal confidence that the stock is undervalued. Lance M. Fritz insider transaction
  • Stephens reaffirmed its “equal weight” rating but set a $57 price target, implying roughly 8% potential upside from the reference price. The target provides some support, although the neutral rating limits the bullish signal. Benzinga analyst update
  • Reported short interest was zero shares as of August 11, unchanged from the prior report. Because the data shows no measurable short position, it provides little information about covering demand or investor positioning.
  • Fiserv lowered its 2026 outlook following a second-quarter earnings miss. Weaker margins, delayed implementations and increased technology spending are raising concerns about the pace of its recovery. Fiserv cuts 2026 outlook
  • Analysts remain cautious after quarterly earnings of $1.84 per share and revenue of $4.96 billion both fell short of consensus estimates, while revenue declined 4.1% year over year. JPMorgan, TD Cowen and Keefe, Bruyette & Woods each recently reduced their price targets to $60, $55 and $65, respectively. JPMorgan lowers Fiserv price target TD Cowen lowers Fiserv price target KBW lowers Fiserv price target

Overall, the insider purchase and Stephens’ target appear to be supporting FISV, but the broader investment case remains pressured by weaker results, reduced guidance and margin concerns.

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