Penobscot Investment Management Company Inc. Takes Position in Fiserv, Inc. $FISV

Penobscot Investment Management Company Inc. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,432 shares of the business services provider’s stock, valued at approximately $768,000.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $28,000. True Wealth Design LLC raised its stake in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $30,000. Westfuller Advisors LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $36,000. Finally, WFA of San Diego LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FISV. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Fiserv in a report on Wednesday, March 11th. The Goldman Sachs Group lowered their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Morgan Stanley set a $64.00 target price on shares of Fiserv in a report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.63.

Fiserv Price Performance

FISV opened at $63.26 on Thursday. The firm’s 50-day simple moving average is $59.18 and its 200-day simple moving average is $70.05. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. Fiserv, Inc. has a twelve month low of $52.91 and a twelve month high of $221.50. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.96 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 8.11 EPS for the current fiscal year.

Fiserv 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.