Kentucky Retirement Systems Makes New $2.28 Million Investment in Fiserv, Inc. $FISV

Kentucky Retirement Systems bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, HoldingsChannel.com reports. The fund bought 33,963 shares of the business services provider’s stock, valued at approximately $2,281,000.

Several other large investors also recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $3,507,063,000. Geode Capital Management LLC acquired a new stake in Fiserv during the 4th quarter valued at approximately $854,215,000. Norges Bank acquired a new stake in Fiserv during the 4th quarter valued at approximately $555,964,000. Capital World Investors lifted its stake in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Fiserv during the 4th quarter valued at approximately $250,877,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $56.56 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $57.56 and a 200 day moving average price of $61.62. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36. The stock has a market cap of $30.16 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.58 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group set a $65.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Mizuho decreased their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Stephens decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Tigress Financial restated a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. Finally, Loop Capital decreased their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Nine investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.80.

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.