3,734,956 Shares in Fiserv, Inc. $FISV Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,734,956 shares of the business services provider’s stock, valued at approximately $250,877,000. Legal & General Group Plc owned about 0.69% of Fiserv at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Stonebridge Capital Advisors LLC boosted its position in Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after buying an additional 98 shares in the last quarter. Bison Wealth LLC boosted its position 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. Cornerstone Planning Group LLC boosted its position in Fiserv by 50.3% in the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after buying an additional 158 shares in the last quarter. Twin City Private Wealth LLC boosted its position in Fiserv by 5.0% in the third quarter. Twin City Private Wealth LLC now owns 3,562 shares of the business services provider’s stock valued at $459,000 after buying an additional 170 shares in the last quarter. Finally, ROI Financial Advisors LLC boosted its position in Fiserv by 10.3% in the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock valued at $241,000 after buying an additional 175 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Citigroup cut their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Wells Fargo & Company cut their price target on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, Truist Financial cut their price target on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.97.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $55.61 on Wednesday. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The firm has a fifty day simple moving average of $57.66 and a 200 day simple moving average of $61.77. The company has a market capitalization of $29.65 billion, a PE ratio of 9.43, a P/E/G ratio of 1.60 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The company’s quarterly 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, sell-side analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current year.

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.