OP Asset Management Ltd Purchases Shares of 55,831 Fiserv, Inc. $FISV

OP Asset Management Ltd purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 55,831 shares of the business services provider’s stock, valued at approximately $3,115,000.

A number of other large investors have also modified their holdings of FISV. Stonebridge Capital Advisors LLC raised its position in shares of Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 98 shares during the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. WASHINGTON TRUST Co increased its stake in Fiserv by 3.5% during the 3rd quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock valued at $667,000 after purchasing an additional 175 shares in the last quarter. Power Wealth Management LLC increased its stake in Fiserv by 8.2% during the 3rd quarter. Power Wealth Management LLC now owns 2,474 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 187 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought 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 $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Keefe, Bruyette & Woods lowered their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a report on Friday, May 29th. Finally, Citigroup reduced their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $82.23.

Fiserv Stock Performance

Shares of FISV stock opened at $49.45 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92. The business’s 50 day moving average is $55.52 and its two-hundred day moving average is $60.06. The company has a market capitalization of $26.37 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.38 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business 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% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts expect 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.