Fiserv, Inc. $FISV Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 641,811 shares of the business services provider’s stock after acquiring an additional 12,777 shares during the period. Principal Financial Group Inc. owned 0.12% of Fiserv worth $35,813,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Dodge & Cox acquired a new stake in Fiserv during the fourth quarter worth approximately $3,323,210,000. State Street Corp purchased a new stake in Fiserv in the 4th quarter worth approximately $1,588,663,000. Geode Capital Management LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $854,215,000. Finally, Amundi acquired a new position in Fiserv in the 4th quarter valued at $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Fiserv Trading Down 2.1%

FISV stock opened at $50.63 on Friday. 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 cap of $27.00 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.42 and a beta of 0.82. The business has a fifty day simple moving average of $52.54 and a 200-day simple moving average of $58.30. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $168.01.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’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. On average, equities research analysts expect that Fiserv, Inc. will post 8.13 EPS for the current year.

Analyst Ratings Changes

FISV has been the topic of several analyst reports. Citigroup restated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets raised their price target on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a report on Friday, June 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.23.

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.