Wasatch Advisors LP grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 49.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,837 shares of the business services provider’s stock after buying an additional 12,837 shares during the quarter. Wasatch Advisors LP’s holdings in Fiserv were worth $2,167,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. Brighton Jones LLC grew its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 483 shares during the period. Jump Financial LLC purchased a new stake in Fiserv during the 2nd quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL grew its position in Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after acquiring an additional 350 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
FISV has been the subject of several recent research reports. Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. Wells Fargo & Company cut their target price 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. Susquehanna reaffirmed a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Citigroup lowered 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. Finally, Rothschild & Co Redburn dropped their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.23.
Fiserv Price Performance
FISV opened at $49.45 on Friday. 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 cap of $26.37 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79. The stock has a fifty day simple moving average of $55.52 and a two-hundred day simple moving average of $60.06. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.
Insider Buying and Selling at Fiserv
In related news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by insiders.
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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