Morningstar Investment Management LLC Takes $890,000 Position in Fiserv, Inc. $FISV

Morningstar Investment Management LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, Holdings Channel.com reports. The firm purchased 13,257 shares of the business services provider’s stock, valued at approximately $890,000.

A number of other hedge funds have also recently made changes to their positions in FISV. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter worth $3,507,063,000. Capital World Investors lifted its holdings in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Fiserv by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after acquiring an additional 131,935 shares during the last quarter. Barclays PLC lifted its holdings in shares of Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fiserv during the 4th quarter worth $223,136,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FISV shares. Rothschild & Co Redburn dropped their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Stephens dropped their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Mizuho lowered their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada set a $75.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $82.97.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $57.13 on Tuesday. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $57.68 and a 200-day moving average price of $61.82. The company has a market cap of $30.46 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (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 company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS 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.