146,783 Shares in Fiserv, Inc. $FISV Bought by Prudential PLC

Prudential PLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel.com reports. The fund purchased 146,783 shares of the business services provider’s stock, valued at approximately $9,859,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $3,507,063,000. Capital World Investors raised its position in shares of Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $854,215,000. Norges Bank acquired a new stake in Fiserv in the fourth quarter valued at $555,964,000. Finally, Legal & General Group Plc acquired a new stake in Fiserv in the fourth quarter valued at $250,877,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FISV shares. Compass Point cut their price target on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Stephens cut their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Morgan Stanley upped their target price on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Finally, Cantor Fitzgerald cut their target price on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.23.

Fiserv Price Performance

FISV opened at $54.43 on Friday. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.79. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The company’s 50-day moving average price is $57.49 and its 200 day moving average price is $61.37. 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 released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’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. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.14 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.