Birch Capital Management LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 21,077 shares of the business services provider’s stock, valued at approximately $1,416,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in Fiserv during the 4th quarter worth $25,000. American National Bank & Trust purchased a new position in Fiserv during the 4th quarter worth $27,000. Mendota Financial Group LLC purchased a new position in Fiserv during the 4th quarter worth $28,000. Capital Advisors Ltd. LLC purchased a new position in Fiserv during the 4th quarter worth $29,000. Finally, True Wealth Design LLC grew its stake in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on FISV shares. Loop Capital started coverage on Fiserv in a research note on Tuesday, March 31st. They set a “hold” rating and a $62.00 target price on the stock. Tigress Financial restated a “buy” rating and set a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Citigroup dropped their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Truist Financial dropped their target price on Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Finally, B. Riley Financial dropped their price objective on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.14.
Fiserv Stock Performance
Shares of FISV stock opened at $62.81 on Tuesday. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average of $59.26 and a 200 day moving average of $67.00. Fiserv, Inc. has a 1 year low of $52.91 and a 1 year high of $191.91.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.11 earnings per share for the current year.
About Fiserv
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.
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