Black Creek Investment Management Inc. Purchases Shares of 140,299 Fiserv, Inc. $FISV

Black Creek Investment Management Inc. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The firm purchased 140,299 shares of the business services provider’s stock, valued at approximately $9,424,000. Fiserv comprises about 0.5% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Fiserv during the third quarter valued at about $30,000. WFA of San Diego LLC acquired a new stake in shares of Fiserv during the second quarter valued at about $55,000. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $25,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.4%

Shares of Fiserv stock opened at $53.78 on Friday. Fiserv, Inc. has a 52-week low of $51.78 and a 52-week high of $177.36. The company has a 50 day moving average of $57.33 and a 200 day moving average of $61.10. 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 company has a market capitalization of $28.68 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.51 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its quarterly 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 net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The business’s quarterly 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, research analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research note on Wednesday, May 6th. Morgan Stanley raised their price objective on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Wells Fargo & Company lowered their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Susquehanna reissued a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Finally, Loop Capital lowered 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 research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.