Contour Asset Management LLC Makes New $28.96 Million Investment in Fiserv, Inc. $FISV

Contour Asset Management LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 431,164 shares of the business services provider’s stock, valued at approximately $28,961,000. Fiserv comprises approximately 0.7% of Contour Asset Management LLC’s holdings, making the stock its 28th largest position.

A number of other institutional investors also recently modified their holdings of FISV. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv in the 3rd quarter worth $30,000. WFA of San Diego LLC bought a new stake in Fiserv during the 2nd quarter valued at $55,000. Oakworth Capital Inc. acquired a new position in Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at $25,000. Finally, Goodman Advisory Group LLC bought a new position in shares of Fiserv in the fourth quarter valued at $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv announced insider buying after the CEO exit, which investors may view as a vote of confidence from management and a sign that some insiders believe the stock is undervalued. Article Title
• Positive Sentiment: Michael Burry reportedly bought the dip in Fiserv, reinforcing the idea that some investors see the post-exit selloff as overdone. Article Title
• Positive Sentiment: The company launched cash tender offers for outstanding senior notes and a separate €1 billion notes offering, which can be seen as a proactive effort to refinance debt, reduce interest costs, and improve balance-sheet flexibility. Article Title
• Neutral Sentiment: UBS initiated/maintained a Hold view, and Goldman Sachs also kept a Hold rating with a $70 target, suggesting analysts see value but are not yet calling for a strong rerating. Article Title Article Title
• Negative Sentiment: The sharp selloff after CEO Mike Lyons’ exit has kept pressure on the stock, with investors worried about leadership stability and the potential for a longer transition period. Article Title

Fiserv Stock Down 2.1%

Fiserv stock opened at $48.77 on Thursday. Fiserv, Inc. has a fifty-two week low of $47.37 and a fifty-two week high of $177.36. The stock has a market cap of $26.01 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The firm’s 50-day simple moving average is $56.88 and its 200 day simple moving average is $60.85. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research report on Wednesday, May 6th. Citigroup dropped their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley lifted their price target on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, UBS Group set a $65.00 target price on Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average price target 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.