Fiserv, Inc. $FISV is TAM Capital Management Inc.’s 5th Largest Position

TAM Capital Management Inc. reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 54.0% during the first quarter, Holdings Channel reports. The firm owned 71,400 shares of the business services provider’s stock after selling 83,751 shares during the quarter. Fiserv makes up approximately 4.2% of TAM Capital Management Inc.’s portfolio, making the stock its 5th biggest position. TAM Capital Management Inc.’s holdings in Fiserv were worth $8,605,000 at the end of the most recent reporting period.

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

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $53.00 price objective (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price objective (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Mizuho dropped their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.57.

Fiserv Trading Up 3.6%

NASDAQ:FISV opened at $54.21 on Wednesday. The stock has a market cap of $28.91 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.47 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 company’s 50 day moving average price is $52.08 and its 200-day moving average price is $57.45. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $142.83.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s 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 fiscal year.

Fiserv Profile

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.