Parallel Advisors LLC Invests $813,000 in Fiserv, Inc. $FISV

Parallel Advisors LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,110 shares of the business services provider’s stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Capital LLC bought a new position in Fiserv during the 4th quarter valued at approximately $1,316,000. Vulcan Value Partners LLC bought a new position in Fiserv during the 3rd quarter valued at approximately $103,398,000. Blume Capital Management Inc. raised its position in Fiserv by 785.7% during the 3rd quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock valued at $3,249,000 after purchasing an additional 22,352 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new position in Fiserv during the 4th quarter valued at approximately $1,141,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Fiserv during the 4th quarter valued at approximately $4,127,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 3.1%

FISV stock opened at $52.72 on Tuesday. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The business’s 50 day moving average price is $57.44 and its two-hundred day moving average price is $61.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on FISV shares. Citigroup lowered their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Cantor Fitzgerald lowered their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. UBS Group set a $65.00 price target on Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Susquehanna reaffirmed a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Finally, Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Nine investment 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.23.

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.