Fulton Bank N.A. Buys Shares of 24,106 Fiserv, Inc. $FISV

Fulton Bank N.A. acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 24,106 shares of the business services provider’s stock, valued at approximately $1,345,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FISV. Stonebridge Capital Advisors LLC increased its stake in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC boosted its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. SkyView Investment Advisors LLC boosted its position in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after buying an additional 198 shares during the period. Cambient Family Office LLC grew its holdings in Fiserv by 1.7% during the 1st quarter. Cambient Family Office LLC now owns 17,096 shares of the business services provider’s stock worth $954,000 after acquiring an additional 291 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in Fiserv in the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 3.2%

Shares of NASDAQ FISV opened at $52.33 on Friday. The company’s 50 day moving average price is $54.46 and its 200-day moving average price is $59.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $175.92. The company has a market capitalization of $27.91 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FISV has been the subject of several analyst reports. Citigroup dropped their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn lowered their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Cantor Fitzgerald cut their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Raymond James Financial lowered Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.

Fiserv 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.