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Robert W. Baird Thinks Fiserv’s Stock is Going to Recover

In a report issued on July 6, David Koning from Robert W. Baird maintained a Buy rating on Fiserv (FISVResearch Report), with a price target of $144.00. The company’s shares closed last Wednesday at $91.87, close to its 52-week low of $87.03.

According to TipRanks.com, Koning is a 3-star analyst with an average return of 1.7% and a 48.6% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Fiserv is a Moderate Buy with an average price target of $119.93, which is a 32.7% upside from current levels. In a report issued on July 5, RBC Capital also maintained a Buy rating on the stock with a $130.00 price target.

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Based on Fiserv’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.14 billion and net profit of $669 million. In comparison, last year the company earned revenue of $3.76 billion and had a net profit of $304 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FISV in relation to earlier this year. Most recently, in May 2022, Doyle Simons, a Director at FISV bought 10,904 shares for a total of $181,879.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fiserv, Inc. is a technology-based financial services company that provides commerce-enabling technology and solutions for financial institutions, merchants, and card issuers. Further, it offers products and services that facilitate electronic payment transactions. Also, the company provides account processing, loan origination and servicing products, item processing and source capture, cash management and consulting services.

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