Y Intercept Hong Kong Ltd raised its position in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 482.9% during the first quarter, Holdings Channel reports. The firm owned 177,037 shares of the business services provider’s stock after buying an additional 146,666 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fiserv were worth $9,879,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after purchasing an additional 483 shares during the period. Jump Financial LLC purchased a new stake in Fiserv during the second quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FISV has been the subject of several recent research reports. Tigress Financial reissued a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. The Goldman Sachs Group decreased their target price on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Friday, June 5th. Finally, B. Riley Financial cut their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $82.23.
Fiserv Stock Performance
NASDAQ FISV opened at $52.33 on Friday. The company has a fifty day moving average of $54.46 and a two-hundred day moving average of $59.54. The company has a market capitalization of $27.91 billion, a PE ratio of 8.87, a P/E/G ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $175.92. 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 (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company 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 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, analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.
Insider Buying and Selling at Fiserv
In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by company insiders.
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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