SteelPeak Wealth LLC Acquires Shares of 14,464 Fiserv, Inc. $FISV

SteelPeak Wealth LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,464 shares of the business services provider’s stock, valued at approximately $807,000.

A number of other large investors also recently modified their holdings of the stock. Chicago Capital LLC bought a new stake in Fiserv during the 4th quarter worth about $1,316,000. ZWJ Investment Counsel Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $1,141,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $4,127,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $14,907,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $1,996,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FISV. Truist Financial set a $58.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research note on Friday, May 29th. TD Cowen dropped their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Loop Capital cut their price target on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Barclays assumed coverage on Fiserv in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price objective for the company. Seven research 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 MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus price target of $77.23.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of FISV stock opened at $50.63 on Friday. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $168.01. The firm has a market capitalization of $27.00 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $52.54 and a 200-day moving average of $58.30.

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 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 $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. 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. On average, equities research analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.

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.