LRI Investments LLC Takes Position in Fiserv, Inc. $FISV

LRI Investments LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,689 shares of the business services provider’s stock, valued at approximately $1,323,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Fiserv by 4.1% in the third quarter. Nordea Investment Management AB now owns 2,003,668 shares of the business services provider’s stock valued at $258,854,000 after acquiring an additional 78,220 shares during the last quarter. Chicago Capital LLC bought a new stake in Fiserv during the 4th quarter worth approximately $1,316,000. AGF Management Ltd. grew its position in Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after acquiring an additional 69,383 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings 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 valued at $362,128,000 after purchasing an additional 109,427 shares in the last quarter. Finally, National Pension Service increased its holdings in Fiserv by 2.6% during the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after purchasing an additional 30,951 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on FISV shares. BNP Paribas Exane reduced their price objective on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Stephens reduced their price target on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Susquehanna reissued a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $87.48.

Fiserv Trading Down 2.3%

Shares of FISV opened at $55.48 on Friday. The stock’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $65.65. The firm has a market capitalization of $29.58 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. Fiserv, Inc. has a 12-month low of $52.91 and a 12-month high of $191.91. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’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. As a group, research analysts predict that Fiserv, Inc. will post 8.14 earnings per share 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.