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Truist Financial set its price target for the company at $65. This is very close to the current stock price and the average target of $63 across all analysts who follow the business. A price target is an analyst's estimate of where the stock will be in a year. Since this call does not change the firm's rating or suggest a major move from today's price, it indicates the firm sees the company as fairly valued for now.
Source: Truist Financial
Fiserv reported that its organic revenue, which measures sales from its existing business, stayed flat this quarter. While the company brought in 1.75 dollars in adjusted profit per share, it faced a large one-time loss on a GAAP basis, which is the standard accounting method companies must use. To offset the slow growth, management is doubling its goal for Project Elevate, a plan to streamline the business, aiming to save 1 billion dollars instead of the original 500 million.
This shift toward aggressive cost-cutting suggests the company is leaning on efficiency to grow earnings while its sales growth remains stalled. For long-term owners, the focus is on whether these cuts can protect the bottom line without hurting the company's ability to compete with newer payment rivals. Management also plans to spend 500 million dollars this quarter to buy back its own shares, a move that can help support the stock price by reducing the total number of shares available.
Source: GlobeNewsWire
Fiserv is cutting about 3,000 positions, including both full-time employees and contractors. This move comes under the direction of the new CEO, Michael Patrick Lyons, who took over earlier this year.
While job cuts are difficult, they often signal a company trying to lower its costs and move faster. For Fiserv, this likely supports the shift away from older, hardware-heavy business lines toward its more profitable cloud software services. We will watch to see if these savings are used to speed up growth in Clover, the company's digital payment platform.
Source: Reuters
Raj Seshadri will join the board on November 30, 2026. The company also noted that Henrique De Castro will not seek reelection when his current term ends at the 2027 annual shareholder meeting. Board changes like this are a routine part of corporate governance. While new perspectives can be helpful, this is an orderly transition that does not change the company's day-to-day operations or its long-term strategy of moving more customers toward its Clover software platform.
Source: GlobeNewsWire
Fiserv has extended its partnership with VikingCloud to provide cybersecurity and compliance services to its merchant customers. The deal helps businesses protect against digital threats and meet industry standards for handling credit card data securely. By bundling these security tools into its platform, Fiserv makes its service more essential to the small and mid-sized businesses it serves. This helps keep customers from switching to rivals while adding a layer of protection to the billions of transactions Fiserv processes each year.
Source: PRNewsWire
Fiserv has shifted from small, steady beats to missing its targets over the last year. This suggests the business is becoming harder to predict as it moves away from its older hardware roots.