Hudson Edge Investment Partners Inc. lifted its position in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 18.4% during the 1st quarter, Holdings Channel reports. The firm owned 118,898 shares of the business services provider’s stock after acquiring an additional 18,483 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Fiserv were worth $6,635,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in Fiserv during the 4th quarter valued at $25,000. Private Wealth Asset Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust bought a new stake in shares of Fiserv in the fourth quarter worth about $27,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $27,000. Finally, Goodman Advisory Group LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction 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. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.
Fiserv Price Performance
Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business’s quarterly 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. Research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on FISV shares. Citigroup decreased their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Mizuho reduced their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.23.
View Our Latest Research Report on Fiserv
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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