Edgestream Partners L.P. Acquires 16,831 Shares of Fiserv, Inc. $FISV

Edgestream Partners L.P. increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 26.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,099 shares of the business services provider’s stock after purchasing an additional 16,831 shares during the period. Edgestream Partners L.P.’s holdings in Fiserv were worth $4,525,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $3,507,063,000. Dodge & Cox bought a new stake in shares of Fiserv in the 4th quarter valued at $3,323,210,000. State Street Corp bought a new stake in shares of Fiserv in the 4th quarter valued at $1,588,663,000. Geode Capital Management LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $854,215,000. Finally, Amundi acquired a new position in shares of Fiserv during the 4th quarter valued at $825,819,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FISV has been the subject of a number of research reports. TD Cowen reduced their price target on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Truist Financial dropped their price objective on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. Rothschild & Co Redburn reduced their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $76.57.

Fiserv Stock Performance

NASDAQ FISV opened at $53.94 on Friday. The company has a market cap of $28.76 billion, a P/E ratio of 9.14, a PEG ratio of 1.52 and a beta of 0.82. The company has a fifty day simple moving average of $51.97 and a 200 day simple moving average of $57.22. 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 $141.38.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

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.