Bridges Investment Management Inc. Buys Shares of 28,400 Fiserv, Inc. $FISV

by · The Cerbat Gem

Bridges Investment Management Inc. bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,400 shares of the business services provider’s stock, valued at approximately $1,908,000.

Several other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC acquired a new position in Fiserv during the 4th quarter valued at about $6,699,000. IAG Wealth Partners LLC acquired a new position in Fiserv during the 4th quarter valued at about $41,000. Heritage Trust Co acquired a new position in Fiserv during the 4th quarter valued at about $621,000. AXQ Capital LP acquired a new position in Fiserv during the 4th quarter valued at about $1,061,000. Finally, Spinnaker Trust acquired a new position in Fiserv during the 4th quarter valued at about $490,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 2.4%

NASDAQ FISV opened at $55.08 on Thursday. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $29.37 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.58 and a beta of 0.79. The firm’s fifty day simple moving average is $57.54 and its 200-day simple moving average is $61.47.

Fiserv (NASDAQ:FISV – Get Free Report) last posted its quarterly 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. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FISV shares. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. B. Riley Financial lowered their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Mizuho lowered their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.80.

Check Out Our Latest Stock Analysis on FISV

About Fiserv

(Free Report)

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.

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