HighTower Advisors LLC Invests $4.02 Million in Fiserv, Inc. $FISV

HighTower Advisors LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 59,821 shares of the business services provider’s stock, valued at approximately $4,018,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new stake in Fiserv in the fourth quarter valued at about $25,000. American National Bank & Trust bought a new stake in Fiserv in the fourth quarter valued at about $27,000. Kimelman & Baird LLC bought a new stake in Fiserv in the fourth quarter valued at about $27,000. Mendota Financial Group LLC bought a new stake in Fiserv in the fourth quarter valued at about $28,000. Finally, Capital Advisors Ltd. LLC bought a new stake in Fiserv in the fourth quarter valued at about $29,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FISV shares. Mizuho lowered their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Citigroup lowered their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Truist Financial set a $58.00 target price on shares of Fiserv and gave the company a “hold” rating in a research note on Friday. Nine analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.80.

Fiserv Price Performance

NASDAQ:FISV opened at $56.56 on Friday. The firm has a market cap of $30.16 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. 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 $57.56 and its two-hundred day moving average price is $61.63.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.68 billion for 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%. The firm’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. On average, equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS 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.