Norges Bank purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,276,976 shares of the business services provider’s stock, valued at approximately $555,964,000. Norges Bank owned 1.52% of Fiserv at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in FISV. Vanguard Group Inc. bought a new position in Fiserv in the fourth quarter worth approximately $3,507,063,000. Geode Capital Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $854,215,000. Capital World Investors raised its position in shares of Fiserv by 35.2% during the 3rd 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. Legal & General Group Plc bought a new stake in shares of Fiserv during the 4th quarter valued at $250,877,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fiserv during the 4th quarter valued at $223,136,000. 90.98% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Rothschild & Co Redburn decreased their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Susquehanna restated a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $82.80.
Fiserv Stock Performance
Shares of NASDAQ:FISV opened at $56.56 on Monday. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The stock has a market capitalization of $30.16 billion, a P/E ratio of 9.59, a PEG ratio of 1.58 and a beta of 0.80. The firm has a fifty day simple moving average of $57.56 and a two-hundred day simple moving average of $61.62. 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 issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 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 business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations 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. On average, analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.
Fiserv 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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