ProVise Management Group LLC Sells 53,547 Shares of Fiserv, Inc. $FISV

ProVise Management Group LLC trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 91.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,874 shares of the business services provider’s stock after selling 53,547 shares during the quarter. ProVise Management Group LLC’s holdings in Fiserv were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Fiserv in the second quarter worth approximately $1,252,260,000. Amundi grew its holdings in shares of Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after buying an additional 807,916 shares during the last quarter. Barclays PLC increased its position in shares of Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after acquiring an additional 1,895,349 shares in the last quarter. Legal & General Group Plc raised its holdings in Fiserv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after acquiring an additional 39,036 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Fiserv by 24.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after acquiring an additional 607,213 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 2.9%

Shares of Fiserv stock opened at $61.29 on Tuesday. Fiserv, Inc. has a 1-year low of $57.79 and a 1-year high of $227.00. The company’s fifty day simple moving average is $63.88 and its 200-day simple moving average is $86.62. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $32.78 billion, a PE ratio of 9.67, a P/E/G ratio of 1.94 and a beta of 0.76.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $2.51 EPS. Fiserv’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FISV. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Northcoast Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Jefferies Financial Group lifted their price objective on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Finally, Tigress Financial set a $95.00 target price on Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Ten investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $109.74.

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.