Marble Harbor Investment Counsel LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 251,988 shares of the business services provider’s stock, valued at approximately $16,926,000. Fiserv accounts for 1.8% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 15th largest position.
A number of other large investors also recently added to or reduced their stakes in FISV. Brighton Jones LLC raised its position in Fiserv by 91.9% during the fourth 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 during the period. Bison Wealth LLC raised its position 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 acquiring an additional 116 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 483 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Fiserv during the second quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL raised its holdings 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 valued at $897,000 after acquiring an additional 350 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FISV has been the subject of a number of research analyst reports. Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. JPMorgan Chase & Co. reduced their target price on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. BNP Paribas Exane reduced their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Truist Financial reduced their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Compass Point reduced their target price on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $82.97.
Fiserv Price Performance
NASDAQ:FISV opened at $56.03 on Wednesday. Fiserv, Inc. has a one year low of $52.17 and a one year high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $29.88 billion, a PE ratio of 9.50, a P/E/G ratio of 1.80 and a beta of 0.84. The stock has a 50 day moving average price of $57.86 and a 200 day moving average price of $62.07.
Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly earnings results 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The business’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. Equities research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.
Fiserv Company 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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