Readystate Asset Management LP Buys 19,090 Shares of Fiserv, Inc. $FISV

Readystate Asset Management LP increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 280.4% in the 1st quarter, HoldingsChannel reports. The firm owned 25,897 shares of the business services provider’s stock after acquiring an additional 19,090 shares during the quarter. Readystate Asset Management LP’s holdings in Fiserv were worth $1,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Fiserv by 21.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 483 shares during the last quarter. Jump Financial LLC acquired a new position in Fiserv during the second quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after acquiring an additional 350 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FISV. TD Cowen decreased their price target on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Truist Financial decreased their target price on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, B. Riley Financial lowered their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $76.57.

Fiserv Trading Up 2.6%

Shares of FISV stock opened at $55.63 on Thursday. The company has a market cap of $29.66 billion, a P/E ratio of 9.43, a PEG ratio of 1.52 and a beta of 0.82. The stock has a 50 day simple moving average of $52.07 and a two-hundred day simple moving average of $57.35. 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 fifty-two week low of $47.04 and a fifty-two week high of $142.83.

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, beating the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.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. Research analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.

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.