Fox Run Management L.L.C. acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,644 shares of the business services provider’s stock, valued at approximately $1,051,000.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $3,507,063,000. Capital World Investors lifted its holdings 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 worth $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Geode Capital Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $854,215,000. Norges Bank purchased a new position in Fiserv in the 4th quarter worth approximately $555,964,000. Finally, Legal & General Group Plc purchased a new position in Fiserv in the 4th quarter worth approximately $250,877,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. UBS Group set a $65.00 price target on Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen reissued a “buy” rating on shares of Fiserv in a report on Friday, May 15th. JPMorgan Chase & Co. lowered their price target on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Stephens lowered their price target on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.23.
Fiserv Stock Up 2.5%
Shares of FISV opened at $54.03 on Wednesday. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 1.48 and a beta of 0.79. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36. The business’s 50 day simple moving average is $57.44 and its 200-day simple moving average is $61.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm’s revenue for the quarter 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, equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.
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.
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