Brandes Investment Partners LP Acquires New Shares in Fiserv, Inc. $FISV

Brandes Investment Partners LP acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,805,562 shares of the business services provider’s stock, valued at approximately $121,280,000.

Other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at $25,000. American National Bank & Trust acquired a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Kimelman & Baird LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 2.5%

Shares of FISV opened at $54.03 on Wednesday. The company has a market capitalization of $28.81 billion, a PE ratio of 9.16, a PEG ratio of 1.48 and a beta of 0.79. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The stock’s 50-day moving average price is $57.44 and its two-hundred day moving average price is $61.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate 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. Fiserv’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, analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Stephens cut their target price on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Compass Point cut their target price on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Finally, Citigroup cut their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus 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.