Havemeyer Place LP Invests $3.74 Million in Fiserv, Inc. $FISV

Havemeyer Place LP purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,672 shares of the business services provider’s stock, valued at approximately $3,739,000. Fiserv accounts for 0.7% of Havemeyer Place LP’s portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the third quarter worth about $30,000. WFA of San Diego LLC acquired a new position in Fiserv during the second quarter worth about $55,000. Oakworth Capital Inc. acquired a new position in Fiserv during the fourth quarter worth about $25,000. Private Wealth Asset Management LLC acquired a new position in Fiserv during the fourth quarter worth about $25,000. Finally, Kimelman & Baird LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FISV has been the topic of several recent analyst reports. Mizuho lowered 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. Truist Financial set a $58.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. B. Riley Financial lowered their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Stephens lowered their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.23.

Fiserv Trading Down 3.2%

Shares of Fiserv stock opened at $54.43 on Friday. 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 1 year low of $52.17 and a 1 year high of $177.36. The company has a market capitalization of $29.02 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.52 and a beta of 0.79. The business has a 50 day moving average price of $57.49 and a 200 day moving average price of $61.37.

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

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.