Fiserv, Inc. $FISV Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 1,174,665 shares of the business services provider’s stock after selling 40,648 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fiserv were worth $53,071,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. William Mack & Associates Inc. purchased a new position in Fiserv during the 3rd quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Fiserv during the second quarter valued at about $30,000. Osterweis Capital Management Inc. purchased a new stake in shares of Fiserv in the second quarter worth about $32,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Fiserv by 49.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider’s stock worth $39,000 after buying an additional 282 shares in the last quarter. Finally, Caitlin John LLC bought a new position in shares of Fiserv in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, Director Lance Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.

More Fiserv News

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv beat third-quarter adjusted earnings expectations, reporting $1.75 per share versus the $1.72 consensus. The company affirmed its 2026 outlook, while organic revenue was flat. Fiserv third-quarter results
• Positive Sentiment: Management doubled its Project Elevate cost-savings target to $1 billion from $500 million and expects to repurchase $500 million of shares in the fourth quarter. The savings plan and buyback helped fuel investor optimism. Fiserv cost cuts and buybacks
• Positive Sentiment: Argus upgraded FISV to Buy with a $72 target. Several other firms raised targets, including RBC to $70 and Keefe, Bruyette & Woods to $70, though ratings across analysts remain mixed.
• Neutral Sentiment: Fiserv is eliminating about 3,000 employee and contractor positions as it pursues efficiencies. The cuts may support savings, but execution and workforce impacts are uncertainties. Reuters report on job cuts
• Negative Sentiment: Results also showed ongoing pressure: revenue declined year over year, adjusted EPS fell from $2.04 a year earlier, and Fiserv recorded a $6.45 billion goodwill impairment. These factors underline the turnaround and execution risks. Analysis of Fiserv’s earnings and impairment

Wall Street Analyst Weigh In

FISV has been the subject of several recent analyst reports. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Bank of America began coverage on shares of Fiserv in a research note on Thursday, October 15th. They issued an “underperform” rating and a $48.00 target price on the stock. Argus raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday. Morgan Stanley raised their price target on shares of Fiserv from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $63.11.

Fiserv Stock Up 6.2%

Shares of NASDAQ FISV opened at $62.05 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average of $48.93 and a 200-day moving average of $54.61. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of -8.36, a PEG ratio of 5.83 and a beta of 0.85. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.85 billion. Fiserv’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts expect that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.