Intrinsic Edge Capital Management LLC Boosts Stock Position in Fiserv, Inc. $FISV

Intrinsic Edge Capital Management LLC increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 99.2% during the 1st quarter, Holdings Channel reports. The firm owned 100,400 shares of the business services provider’s stock after buying an additional 50,000 shares during the period. Intrinsic Edge Capital Management LLC’s holdings in Fiserv were worth $5,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FISV. Stonebridge Capital Advisors LLC lifted its holdings in Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC grew its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Fiserv by 2.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock valued at $474,000 after buying an additional 198 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after buying an additional 215 shares during the period. Finally, Cambient Family Office LLC raised its holdings in shares of Fiserv by 1.7% during the first quarter. Cambient Family Office LLC now owns 17,096 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Fiserv Stock Up 2.6%

Shares of Fiserv stock opened at $55.63 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50-day moving average of $52.07 and a 200 day moving average of $57.35. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.52 and a beta of 0.82. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $142.83.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’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. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FISV. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research note on Friday, June 5th. Susquehanna restated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Finally, Barclays assumed coverage on shares of Fiserv in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.57.

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.