OP Asset Management Ltd acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,831 shares of the business services provider’s stock, valued at approximately $3,115,000.
Several other institutional investors have also modified their holdings of the stock. Chicago Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $1,316,000. ZWJ Investment Counsel Inc. purchased a new position in Fiserv during the 4th quarter valued at $1,141,000. Robeco Institutional Asset Management B.V. purchased a new position in Fiserv during the 4th quarter valued at $4,127,000. KLP Kapitalforvaltning AS bought a new position in Fiserv in the 4th quarter valued at $14,907,000. Finally, Barclays PLC increased its stake in Fiserv by 116.0% in the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after purchasing an additional 1,895,349 shares during the period. 90.98% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
FISV has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. BMO Capital Markets upped their target price on shares of Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Finally, Cantor Fitzgerald lowered their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average price target of $82.23.
Insider Activity
In other news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.
Fiserv Trading Up 4.0%
Shares of NASDAQ FISV opened at $49.45 on Friday. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $175.92. The business has a fifty day moving average price of $55.52 and a 200 day moving average price of $60.06. The stock has a market capitalization of $26.37 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79. 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 posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’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. Equities research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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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