QRG Capital Management Inc. boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 86.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,932 shares of the business services provider’s stock after buying an additional 16,172 shares during the period. QRG Capital Management Inc.’s holdings in Fiserv were worth $1,949,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of FISV. Vanguard Group Inc. acquired a new stake in Fiserv during the 4th quarter worth $3,507,063,000. Dodge & Cox acquired a new position in Fiserv in the fourth quarter valued at $3,323,210,000. Capital World Investors increased its stake in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. State Street Corp purchased a new stake in shares of Fiserv in the fourth quarter valued at about $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $854,215,000. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv News Roundup
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Reports that big U.S. banks are exploring a potential purchase of Fiserv’s debit-card network have fueled takeover speculation and may suggest the network is an attractive strategic asset. Fiserv Stock Jumps on Report Big U.S. Banks Explore Buying Its Debit Card Network
- Positive Sentiment: Fiserv’s June Small Business Index showed steady expansion, with sales up 2.4% year over year and retail sales rebounding 3.0%, which supports the view that underlying payments activity remains resilient. Small Business Sales Grow on Higher Tickets and Retail Rebound, Fiserv Data Shows
Insider Activity at Fiserv
Fiserv Price Performance
FISV stock traded up $2.01 on Tuesday, reaching $53.79. 4,892,853 shares of the company’s stock were exchanged, compared to its average volume of 7,868,315. The stock has a fifty day moving average of $54.24 and a 200-day moving average of $59.42. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $173.50. The firm has a market cap of $28.68 billion, a PE ratio of 9.12, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.
Fiserv (NASDAQ:FISV – Get Free Report) last released 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. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on FISV shares. Tigress Financial restated a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. UBS Group set a $65.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn cut their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. B. Riley Financial lowered their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.20.
Read Our Latest Stock Report 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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