Meiji Yasuda Asset Management Co Ltd. Purchases 16,155 Shares of Fiserv, Inc. $FISV

Meiji Yasuda Asset Management Co Ltd. raised its position in Fiserv, Inc. (NASDAQ:FISV) by 167.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,810 shares of the business services provider’s stock after acquiring an additional 16,155 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Fiserv were worth $3,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Fiserv by 2.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after buying an additional 77 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in shares of Fiserv by 2.1% in the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after buying an additional 79 shares in the last quarter. Glenview Trust co boosted its stake in Fiserv by 0.3% during the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after buying an additional 85 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Fiserv by 0.9% in the second quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock valued at $1,685,000 after purchasing an additional 86 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its stake in Fiserv by 5.1% during the second quarter. TRUE Private Wealth Advisors now owns 1,785 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FISV opened at $63.16 on Monday. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $227.00. The company has a 50 day moving average price of $64.00 and a 200-day moving average price of $87.17. The stock has a market capitalization of $33.78 billion, a PE ratio of 9.96, a PEG ratio of 1.94 and a beta of 0.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on FISV. Compass Point lowered their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Truist Financial reduced their price objective on Fiserv from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Finally, Tigress Financial set a $95.00 price target on Fiserv and gave the company a “buy” rating in a report on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.74.

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.