ZWJ Investment Counsel Inc. Makes New $1.14 Million Investment in Fiserv, Inc. $FISV

ZWJ Investment Counsel Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,990 shares of the business services provider’s stock, valued at approximately $1,141,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. Brighton Jones LLC grew its position in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Fiserv in the 2nd quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL boosted its stake in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after buying an additional 350 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NASDAQ:FISV opened at $59.02 on Wednesday. The firm has a market cap of $31.51 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day moving average price of $58.87 and a 200-day moving average price of $72.37. Fiserv, Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $221.50.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Compass Point cut their target price on Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. Wells Fargo & Company cut their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $103.74.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.