Intech Investment Management LLC Invests $29.43 Million in Fiserv, Inc. $FISV

Intech Investment Management LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 438,103 shares of the business services provider’s stock, valued at approximately $29,427,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Fiserv in the 4th quarter valued at about $3,507,063,000. Geode Capital Management LLC bought a new position in Fiserv in the 4th quarter valued at about $854,215,000. Capital World Investors grew its position in Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Legal & General Group Plc bought a new position in Fiserv in the 4th quarter valued at about $250,877,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Fiserv in the 4th quarter valued at about $223,136,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $55.83 on Friday. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. 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 $29.77 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.56 and a beta of 0.84. The firm has a 50-day moving average of $57.57 and a two-hundred day moving average of $61.67.

Fiserv (NASDAQ:FISVGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’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. As a group, analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

FISV has been the subject of a number of recent analyst reports. Tigress Financial reiterated a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research report on Wednesday, March 11th. Truist Financial decreased their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Stephens cut their price target on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. UBS Group set a $65.00 price target on shares of Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Citigroup cut their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $82.97.

View Our Latest Report on Fiserv

Fiserv Profile

(Free Report)

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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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