Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,688 shares of the business services provider’s stock, valued at approximately $2,884,000.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Fiserv during the fourth quarter valued at $3,507,063,000. Dodge & Cox bought a new stake in shares of Fiserv in the 4th quarter worth about $3,323,210,000. State Street Corp bought a new stake in shares of Fiserv in the 4th quarter worth about $1,588,663,000. Geode Capital Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $854,215,000. Finally, Amundi acquired a new stake in shares of Fiserv during the 4th quarter worth about $825,819,000. 90.98% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FISV shares. UBS Group set a $65.00 price target on shares of Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Mizuho reduced their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Barclays initiated coverage on Fiserv in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $60.00 price target (down from $70.00) on shares of Fiserv in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and an average price target of $77.23.
Insiders Place Their Bets
In other news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by company insiders.
Fiserv Stock Down 3.2%
Shares of NASDAQ:FISV opened at $49.54 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a market cap of $26.42 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.43 and a beta of 0.82. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $168.01. The company’s 50-day moving average price is $52.86 and its two-hundred day moving average price is $58.59.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, research analysts forecast that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.
Fiserv Company Profile
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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