Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 29,423 shares of the business services provider’s stock, valued at approximately $1,976,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Capital LLC purchased a new stake in Fiserv in the fourth quarter valued at $1,316,000. Vulcan Value Partners LLC purchased a new stake in Fiserv in the third quarter valued at $103,398,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at $1,141,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Fiserv in the 4th quarter valued at $4,127,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Fiserv in the 4th quarter valued at $14,907,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on FISV shares. BMO Capital Markets boosted their price objective on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Wells Fargo & Company cut their price objective on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Compass Point cut their price objective on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Tigress Financial reiterated a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $82.23.
Fiserv Price Performance
Shares of NASDAQ FISV opened at $53.28 on Thursday. The stock’s 50-day moving average is $57.41 and its two-hundred day moving average is $61.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The company has a market cap of $28.41 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.79.
Fiserv (NASDAQ:FISV – Get 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, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.
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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