Coerente Capital Management grew its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 76.2% in the first quarter, Holdings Channel reports. The institutional investor owned 180,310 shares of the business services provider’s stock after buying an additional 77,984 shares during the period. Fiserv accounts for 1.9% of Coerente Capital Management’s holdings, making the stock its 21st biggest holding. Coerente Capital Management’s holdings in Fiserv were worth $10,061,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in FISV. Stonebridge Capital Advisors LLC boosted its holdings in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 98 shares in the last quarter. Bison Wealth LLC raised its holdings in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in Fiserv by 3.5% during the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock worth $667,000 after purchasing an additional 175 shares in the last quarter. Power Wealth Management LLC lifted its position in Fiserv by 8.2% in the third quarter. Power Wealth Management LLC now owns 2,474 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 187 shares during the period. Finally, SkyView Investment Advisors LLC lifted its position in Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.
Insiders Place Their Bets
In other news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was acquired 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. This represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.
Fiserv Stock Performance
Fiserv (NASDAQ:FISV – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm’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. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on FISV. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Royal Bank Of Canada set a $75.00 price objective on Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Susquehanna reissued a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets upped their price target on shares of Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $82.23.
View Our Latest Report on FISV
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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