Peapack Gladstone Financial Corp Buys New Position in Fiserv, Inc. $FISV

Peapack Gladstone Financial Corp bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel.com reports. The firm bought 9,707 shares of the business services provider’s stock, valued at approximately $652,000.

Several other institutional investors have also added to or reduced their stakes in FISV. Vanguard Group Inc. bought a new stake in Fiserv in the fourth quarter valued at approximately $3,507,063,000. Geode Capital Management LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $854,215,000. Norges Bank bought a new stake in Fiserv in the fourth quarter valued at approximately $555,964,000. Capital World Investors boosted its holdings in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Fiserv during the 4th quarter worth approximately $250,877,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of FISV opened at $55.08 on Thursday. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The business’s fifty day moving average is $57.54 and its 200 day moving average is $61.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $29.37 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.58 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’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. Sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FISV shares. Keefe, Bruyette & Woods cut their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price target on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. B. Riley Financial cut their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Finally, Cantor Fitzgerald cut their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $82.80.

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.