Smithbridge Asset Management Inc. DE reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 48.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,630 shares of the business services provider’s stock after selling 60,570 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Fiserv were worth $3,551,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of FISV. WFA of San Diego LLC purchased a new stake in Fiserv during the 2nd quarter valued at about $55,000. Oakworth Capital Inc. bought a new position in Fiserv during the 4th quarter worth approximately $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Insider Buying and Selling
In related news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.06% of the company’s stock.
Fiserv Price Performance
Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on FISV shares. UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research report on Friday, June 5th. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a report on Friday, May 29th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.23.
Check Out Our Latest Stock Analysis on FISV
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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