Milford Funds Ltd. Makes New Investment in Fiserv, Inc. $FISV

Milford Funds Ltd. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 608,215 shares of the business services provider’s stock, valued at approximately $40,854,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter worth approximately $25,000. Private Wealth Asset Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FISV opened at $53.78 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.49 and a beta of 0.79. The stock has a 50 day moving average of $57.33 and a 200 day moving average of $61.10. Fiserv, Inc. has a 12 month low of $51.78 and a 12 month high of $177.36.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Truist Financial set a $58.00 price objective on Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Finally, TD Cowen reissued a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus target price of $82.23.

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.