8,276,976 Shares in Fiserv, Inc. $FISV Purchased by Norges Bank

Norges Bank purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 8,276,976 shares of the business services provider’s stock, valued at approximately $555,964,000.

A number of other large investors have also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new position in shares of Fiserv during the 4th quarter worth about $6,798,000. Hillsdale Investment Management Inc. purchased a new position in shares of Fiserv during the 4th quarter worth about $511,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of Fiserv during the 4th quarter worth about $210,000. National Pension Service purchased a new position in shares of Fiserv during the 4th quarter worth about $65,743,000. Finally, Operose Advisors LLC purchased a new position in shares of Fiserv during the 4th quarter worth about $568,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of recent analyst reports. Compass Point dropped their price target on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. BNP Paribas Exane dropped their price target on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Mizuho dropped their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Finally, Stephens decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Nine research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $82.80.

Fiserv Stock Performance

Shares of FISV opened at $56.56 on Monday. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The company has a 50-day moving average of $57.56 and a 200 day moving average of $61.62. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.58 and a beta of 0.80. 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 (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. The business’s 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. On average, research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

About Fiserv

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.