TD Asset Management Inc Buys 22,462 Shares of Fiserv, Inc. $FISV

TD Asset Management Inc grew its stake in Fiserv, Inc. (NASDAQ:FISV) by 8.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,469 shares of the business services provider’s stock after buying an additional 22,462 shares during the period. TD Asset Management Inc owned approximately 0.06% of Fiserv worth $38,482,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FISV. Norges Bank acquired a new position in Fiserv during the second quarter valued at approximately $1,252,260,000. Amundi raised its holdings in Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after acquiring an additional 807,916 shares during the period. Legal & General Group Plc lifted its position in Fiserv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after acquiring an additional 39,036 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Fiserv by 3.9% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after acquiring an additional 109,427 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Fiserv by 34.7% during the second quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock valued at $455,478,000 after acquiring an additional 680,743 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FISV. Citigroup reissued a “neutral” rating and set a $68.00 price objective (down from $75.00) on shares of Fiserv in a research report on Wednesday, February 11th. Zacks Research raised Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. UBS Group reduced their price objective on Fiserv from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. B. Riley Financial lowered their price objective on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Mizuho dropped their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.74.

Insider Buying and Selling

In other news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Fiserv Stock Up 0.6%

FISV opened at $62.29 on Friday. The company has a market capitalization of $33.31 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.90 and a beta of 0.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s fifty day moving average price is $64.50 and its two-hundred day moving average price is $90.40. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the company posted $2.51 EPS. The business’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current 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.