Canada Post Corp Registered Pension Plan purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,988 shares of the business services provider’s stock, valued at approximately $940,000.
Several other institutional investors and hedge funds have also bought and sold shares of FISV. Oakworth Capital Inc. purchased a new position in Fiserv in the fourth quarter worth $25,000. American National Bank & Trust purchased a new position in Fiserv in the fourth quarter worth $27,000. Mendota Financial Group LLC purchased a new position in Fiserv in the fourth quarter worth $28,000. Capital Advisors Ltd. LLC purchased a new position in Fiserv in the fourth quarter worth $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Fiserv in the third quarter worth $30,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on FISV shares. Wells Fargo & Company cut their price target on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Citigroup cut their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Tigress Financial reiterated a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.97.
Fiserv Trading Up 2.4%
NASDAQ:FISV opened at $56.66 on Tuesday. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The firm has a fifty day simple moving average of $58.00 and a 200-day simple moving average of $62.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $30.21 billion, a P/E ratio of 9.60, a PEG ratio of 1.75 and a beta of 0.84.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current 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.
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