Fiserv, Inc. $FISV Stock Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Fiserv, Inc. (NASDAQ:FISVFree Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,227,443 shares of the business services provider’s stock after selling 74,595 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fiserv were worth $68,491,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. WFA of San Diego LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $55,000. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv during the fourth quarter worth $25,000. Goodman Advisory Group LLC bought a new position in Fiserv during the fourth quarter worth $27,000. Finally, Tripletail Wealth Management LLC acquired a new position in Fiserv in the fourth quarter worth $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of Fiserv stock traded down $1.20 during trading on Friday, hitting $50.45. 7,437,308 shares of the stock were exchanged, compared to its average volume of 9,078,024. 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, Inc. has a 12 month low of $47.04 and a 12 month high of $169.74. The stock’s fifty day moving average is $53.24 and its 200 day moving average is $58.90. The stock has a market cap of $26.90 billion, a PE ratio of 8.55, a P/E/G ratio of 1.41 and a beta of 0.82.

Fiserv (NASDAQ:FISVGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Key Fiserv News

Here are the key news stories impacting Fiserv this week:

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FISV shares. B. Riley Financial reduced their price target 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. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Cantor Fitzgerald dropped their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Loop Capital cut their target price on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Finally, Citigroup restated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus target price of $77.23.

Check Out Our Latest Stock Report on FISV

Fiserv Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISVFree Report).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.