Wasatch Advisors LP Grows Position in Fiserv, Inc. $FISV

Wasatch Advisors LP boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 49.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 38,837 shares of the business services provider’s stock after acquiring an additional 12,837 shares during the period. Wasatch Advisors LP’s holdings in Fiserv were worth $2,167,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FISV. Stonebridge Capital Advisors LLC grew its stake in shares of Fiserv by 2.3% during 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 period. Bison Wealth LLC increased its position in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of Fiserv by 3.5% in the 3rd quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock worth $667,000 after purchasing an additional 175 shares during the period. Power Wealth Management LLC lifted its stake in shares of Fiserv by 8.2% in the 3rd quarter. Power Wealth Management LLC now owns 2,474 shares of the business services provider’s stock worth $319,000 after purchasing an additional 187 shares during the period. Finally, SkyView Investment Advisors LLC boosted 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. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a research report on Friday, June 5th. TD Cowen reissued a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Tigress Financial restated a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Finally, Mizuho decreased their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $82.23.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $49.45 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap 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. The firm’s fifty day moving average is $55.52 and its two-hundred day moving average is $60.06. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $175.92.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 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 business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’s revenue 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, analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

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.