Bowie Capital Management LLC Buys 101,262 Shares of Fiserv, Inc. $FISV

Bowie Capital Management LLC raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 15.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 761,618 shares of the business services provider’s stock after buying an additional 101,262 shares during the period. Fiserv comprises about 4.3% of Bowie Capital Management LLC’s portfolio, making the stock its 15th biggest position. Bowie Capital Management LLC’s holdings in Fiserv were worth $98,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Korea Investment CORP raised its position in shares of Fiserv by 12.1% during the third quarter. Korea Investment CORP now owns 548,607 shares of the business services provider’s stock worth $70,732,000 after acquiring an additional 59,340 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Fiserv in the third quarter valued at approximately $130,000. Gabelli Funds LLC increased its position in Fiserv by 129.2% during the 3rd quarter. Gabelli Funds LLC now owns 70,764 shares of the business services provider’s stock valued at $9,124,000 after purchasing an additional 39,890 shares during the period. Gamco Investors INC. ET AL raised its holdings in Fiserv by 164.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 13,775 shares of the business services provider’s stock worth $1,776,000 after purchasing an additional 8,575 shares during the last quarter. Finally, Sunpointe LLC lifted its position in shares of Fiserv by 13.1% in the 3rd quarter. Sunpointe LLC now owns 3,143 shares of the business services provider’s stock worth $405,000 after purchasing an additional 363 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of analyst reports. Stephens reduced their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. B. Riley Financial dropped their target price on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. BNP Paribas Exane increased their price target on Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $109.74.

Fiserv Trading Down 1.1%

NASDAQ:FISV opened at $63.16 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.94 and a beta of 0.77. The firm has a fifty day simple moving average of $64.00 and a two-hundred day simple moving average of $87.54. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $227.00.

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

About Fiserv

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.