South Dakota Investment Council grew its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 21.7% during the first quarter, Holdings Channel.com reports. The firm owned 214,578 shares of the business services provider’s stock after buying an additional 38,311 shares during the period. South Dakota Investment Council’s holdings in Fiserv were worth $11,973,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $3,507,063,000. Dodge & Cox purchased a new stake in shares of Fiserv during the fourth quarter worth $3,323,210,000. State Street Corp acquired a new stake in Fiserv during the fourth quarter valued at $1,588,663,000. Geode Capital Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $854,215,000. Finally, Amundi acquired a new position in Fiserv in the 4th quarter worth about $825,819,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Fiserv
In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.
Fiserv Price Performance
Fiserv (NASDAQ:FISV – Get Free Report) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. 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. On average, sell-side analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current year.
Analysts Set New Price Targets
FISV has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Barclays began coverage on shares of Fiserv in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $58.00 target price for the company. Susquehanna restated a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price objective (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $76.57.
Read Our Latest 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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