North Star Asset Management Inc. Invests $20.79 Million in Fiserv, Inc. $FISV

North Star Asset Management Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 309,470 shares of the business services provider’s stock, valued at approximately $20,787,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Financial Services Inc acquired a new position in shares of Fiserv in the 4th quarter worth approximately $264,000. Coldstream Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter worth approximately $825,000. Buckhead Capital Management LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $3,276,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $94,000. Finally, Associated Banc Corp acquired a new position in shares of Fiserv in the 4th quarter worth approximately $10,501,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 2.3%

Fiserv stock opened at $57.13 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $57.66 and its 200 day moving average is $61.90. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The company has a market capitalization of $30.46 billion, a PE ratio of 9.68, a PEG ratio of 1.60 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The business’s 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, sell-side analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Analysts Set New Price Targets

FISV has been the topic of a number of research reports. Compass Point dropped their target price on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research report on Wednesday, May 6th. Mizuho dropped their target price 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. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and an average price target of $82.97.

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.