Company Overview - Fiserv, Inc. (NASDAQ:FISV) is a Wisconsin-based fintech company that provides account processing, digital banking, payment services, e-commerce solutions, merchant services, and cloud-based point-of-sale systems [4] Investment Insights - David Tepper has recently acquired 925,000 shares of Fiserv, valued at $119.3 million, with an average price target suggesting a 19% upside, while the Street high indicates a potential upside of 56% [1] - Mizuho analyst Dan Dolev maintained an Outperform rating on Fiserv but reduced the price target from $110 to $100, reflecting adjustments in the payments and IT sectors due to macroeconomic changes [2][3] Recent Developments - On December 17, Fiserv completed the acquisition of StoneCastle Cash Management, which enhances its ability to provide insured deposit funding and consolidates StoneCastle's institutional deposit network with Fiserv's existing solutions [3] - This acquisition is expected to help financial services companies maximize liquidity, improve balance sheets, and offer alternative investment vehicles, while also benefiting StoneCastle's current clients, including wealth managers [3]
Mizuho Analyst Bullish on Fiserv (FISV) Amid Target Adjustments in Payments and IT Names