Sumitomo Mitsui Trust Group Inc. lessened its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,174,665 shares of the business services provider’s stock after selling 40,648 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Fiserv worth $53,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Fiserv during the second quarter valued at approximately $2,079,711,000. JANA Partners Management LP lifted its holdings in Fiserv by 97.5% during the first quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock worth $247,507,000 after acquiring an additional 2,190,085 shares during the period. Deutsche Bank AG purchased a new position in Fiserv in the second quarter worth $178,310,000. Legal & General Group Plc purchased a new position in Fiserv in the second quarter worth $161,557,000. Finally, Turtle Creek Asset Management Inc. grew its stake in Fiserv by 968.1% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock valued at $147,517,000 after purchasing an additional 2,396,167 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Analyst Ratings Changes
FISV has been the subject of several research analyst reports. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 8th. UBS Group lifted their target price on Fiserv from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a report on Friday, August 7th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, Susquehanna decreased their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.11.
Check Out Our Latest Stock Report on Fiserv
Insider Buying and Selling at Fiserv
In other news, Director Lance Fritz purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.
Fiserv Price Performance
Fiserv stock opened at $62.05 on Thursday. The business’s 50 day simple moving average is $48.93 and its 200 day simple moving average is $54.61. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41. The company has a market cap of $33.00 billion, a price-to-earnings ratio of -8.36, a PEG ratio of 5.83 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22.
Fiserv (NASDAQ:FISV – Get Free Report) last released its earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.03. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.85 billion. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.
Key Stories Impacting Fiserv
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv beat third-quarter adjusted earnings expectations, reporting $1.75 per share versus the $1.72 consensus. The company affirmed its 2026 outlook, while organic revenue was flat. Fiserv third-quarter results
- Positive Sentiment: Management doubled its Project Elevate cost-savings target to $1 billion from $500 million and expects to repurchase $500 million of shares in the fourth quarter. The savings plan and buyback helped fuel investor optimism. Fiserv cost cuts and buybacks
- Positive Sentiment: Argus upgraded FISV to Buy with a $72 target. Several other firms raised targets, including RBC to $70 and Keefe, Bruyette & Woods to $70, though ratings across analysts remain mixed.
- Neutral Sentiment: Fiserv is eliminating about 3,000 employee and contractor positions as it pursues efficiencies. The cuts may support savings, but execution and workforce impacts are uncertainties. Reuters report on job cuts
- Negative Sentiment: Results also showed ongoing pressure: revenue declined year over year, adjusted EPS fell from $2.04 a year earlier, and Fiserv recorded a $6.45 billion goodwill impairment. These factors underline the turnaround and execution risks. Analysis of Fiserv’s earnings and impairment
Fiserv Company Profile
Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.
The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.
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