Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys New Shares in Fiserv, Inc. $FISV

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,632,405 shares of the business services provider’s stock, valued at approximately $174,502,000. Fiserv makes up 1.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 19th biggest holding.

Several other large investors have also recently added to or reduced their stakes in FISV. Sound Income Strategies LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Fiserv in the third quarter worth $30,000. Westfuller Advisors LLC acquired a new stake in Fiserv during the third quarter worth $36,000. Finally, WFA of San Diego LLC bought a new stake in Fiserv in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FISV shares. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Truist Financial dropped their price target on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Citigroup cut 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. Loop Capital initiated coverage on Fiserv in a research note on Tuesday, March 31st. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.63.

Fiserv Stock Performance

Shares of Fiserv stock opened at $63.26 on Thursday. Fiserv, Inc. has a 12-month low of $52.91 and a 12-month high of $221.50. The stock has a market capitalization of $33.78 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.96 and a beta of 0.79. The company has a 50-day simple moving average of $59.18 and a 200 day simple moving average of $70.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv, Inc. will post 8.11 earnings per share for the current fiscal 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.