Signaturefd LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,362 shares of the business services provider’s stock, valued at approximately $763,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors boosted its position in Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Legal & General Group Plc boosted its position in Fiserv by 3.8% during the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock valued at $469,051,000 after purchasing an additional 131,935 shares in the last quarter. Barclays PLC boosted its position in Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after purchasing an additional 1,895,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fiserv by 24.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock valued at $404,687,000 after purchasing an additional 607,213 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Fiserv by 3.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock valued at $362,128,000 after purchasing an additional 109,427 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
FISV has been the subject of several recent analyst reports. Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Cantor Fitzgerald restated a “neutral” rating and issued a $70.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Compass Point lowered their target price on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. BNP Paribas Exane raised their target price on shares of Fiserv from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group raised their price target on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.59.
Fiserv Trading Down 1.8%
Fiserv stock opened at $55.32 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a 52 week low of $52.91 and a 52 week high of $221.50. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. The stock has a 50-day moving average price of $59.39 and a 200 day moving average price of $74.92.
Fiserv (NASDAQ:FISV – Get Free Report) last released its earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current 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.
Further Reading
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