Saxon Interests Inc. Takes $849,000 Position in Fiserv, Inc. $FISV

Saxon Interests Inc. purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,215 shares of the business services provider’s stock, valued at approximately $849,000.

Other large investors have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC purchased a new position in shares of Fiserv during the 1st quarter worth approximately $206,000. Downshift Financial LLC acquired a new stake in Fiserv during the 1st quarter valued at $204,000. Swedbank AB grew its holdings in Fiserv by 0.4% during the 1st quarter. Swedbank AB now owns 1,146,900 shares of the business services provider’s stock valued at $63,997,000 after buying an additional 4,708 shares during the last quarter. Integrated Advisors Network LLC purchased a new position in Fiserv during the first quarter worth $226,000. Finally, Whittier Trust Co. raised its holdings in shares of Fiserv by 10.8% in the first quarter. Whittier Trust Co. now owns 3,757 shares of the business services provider’s stock worth $212,000 after acquiring an additional 367 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on FISV. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. Wells Fargo & Company reduced 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. Mizuho decreased their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a report on Friday, June 5th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Eight investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus target price of $82.20.

Check Out Our Latest Stock Report on Fiserv

Fiserv Stock Performance

Fiserv stock opened at $52.71 on Wednesday. The firm has a market capitalization of $28.11 billion, a P/E ratio of 8.93, a PEG ratio of 1.45 and a beta of 0.82. The stock has a fifty day moving average price of $53.89 and a 200 day moving average price of $59.20. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $173.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISVGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.73 billion. The business’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 anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Fiserv News Summary

Here are the key news stories impacting Fiserv this week:

Insider Activity

In related news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Fiserv Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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