Mcrae Capital Management Inc. Takes Position in Fiserv, Inc. $FISV

Mcrae Capital Management Inc. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 92,904 shares of the business services provider’s stock, valued at approximately $6,240,000. Fiserv makes up approximately 1.3% of Mcrae Capital Management Inc.’s portfolio, making the stock its 28th largest position.

Other large investors have also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. American National Bank & Trust acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Kimelman & Baird LLC bought a new position in shares of Fiserv in the fourth quarter valued at $27,000. Finally, Mendota Financial Group LLC bought a new position in shares of Fiserv in the fourth quarter valued at $28,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

NASDAQ:FISV opened at $55.08 on Thursday. The company has a market cap of $29.37 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.58 and a beta of 0.79. The firm’s fifty day moving average price is $57.54 and its two-hundred day moving average price is $61.47. 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 current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. 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 analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analysts Set New Price Targets

FISV has been the topic of several analyst reports. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Tigress Financial restated a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. BMO Capital Markets upped their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Finally, Cantor Fitzgerald lowered their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $82.80.

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.