Geode Capital Management LLC Buys Shares of 12,772,123 Fiserv, Inc. $FISV

Geode Capital Management LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,772,123 shares of the business services provider’s stock, valued at approximately $854,215,000.

Other large investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in Fiserv during the 4th quarter valued at about $25,000. American National Bank & Trust bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Mendota Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.3%

Shares of FISV stock opened at $56.56 on Friday. The firm has a fifty day moving average of $57.56 and a 200-day moving average of $61.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.73 billion. The company’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 research analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on FISV shares. Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their target price on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Mizuho decreased their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Susquehanna restated a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Finally, Stephens decreased their target price on Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.80.

Fiserv Company 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.