Thrivent Financial for Lutherans Takes Position in Fiserv, Inc. $FISV

Thrivent Financial for Lutherans acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 89,230 shares of the business services provider’s stock, valued at approximately $5,994,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC lifted its position in shares of Fiserv by 5.3% during 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 during the period. Schnieders Capital Management LLC. lifted its position in shares of Fiserv by 21.0% during the 2nd 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 period. Jump Financial LLC acquired a new position in shares of Fiserv during the 2nd quarter valued at $1,001,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of Fiserv by 7.2% during the 2nd 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 period. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FISV shares. Truist Financial dropped their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Morgan Stanley dropped their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average price target of $82.97.

Fiserv Stock Performance

Shares of FISV stock opened at $55.82 on Friday. The firm has a 50-day moving average of $57.69 and a 200-day moving average of $61.93. The company has a market cap of $29.77 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.58 and a beta of 0.84. 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, Inc. has a one year low of $52.17 and a one year high of $177.36.

Fiserv (NASDAQ:FISV) last announced its 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. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’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 forecast 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.