Convergence Financial LLC Takes $708,000 Position in Fiserv, Inc. $FISV

Convergence Financial LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The firm bought 10,536 shares of the business services provider’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FISV. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $25,000. American National Bank & Trust purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FISV. Loop Capital reduced their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Finally, Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $82.80.

Fiserv Stock Up 2.1%

FISV stock opened at $56.23 on Friday. The firm has a market cap of $29.98 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79. The business has a 50 day moving average of $57.54 and a 200 day moving average of $61.42. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

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