Turtle Creek Asset Management Inc. Boosts Stake in Fiserv, Inc. $FISV

Turtle Creek Asset Management Inc. increased its holdings in Fiserv, Inc. (NASDAQ:FISVFree Report) by 968.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,643,668 shares of the business services provider’s stock after purchasing an additional 2,396,167 shares during the period. Fiserv makes up 5.5% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 4th biggest position. Turtle Creek Asset Management Inc.’s holdings in Fiserv were worth $147,517,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. bought a new stake in shares of Fiserv in the 4th quarter worth about $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FISV stock opened at $55.63 on Thursday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $142.83. The firm’s 50 day moving average is $52.07 and its 200-day moving average is $57.35. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.52 and a beta of 0.82. 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 issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 business had revenue of $4.67 billion during the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $53.00 price objective (down from $62.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Morgan Stanley boosted their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Susquehanna restated a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Finally, BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.57.

Check Out Our Latest Analysis on FISV

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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