Commonwealth Equity Services LLC Buys New Shares in Fiserv, Inc. $FISV

Commonwealth Equity Services LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 87,616 shares of the business services provider’s stock, valued at approximately $5,885,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new position in Fiserv during the fourth quarter valued at $3,507,063,000. Geode Capital Management LLC purchased a new position in Fiserv during the fourth quarter valued at $854,215,000. Norges Bank purchased a new position in Fiserv during the fourth quarter valued at $555,964,000. Capital World Investors lifted its position in Fiserv by 35.2% during the third 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. Finally, Federated Hermes Inc. purchased a new position in Fiserv during the fourth quarter valued at $294,272,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of Fiserv stock opened at $54.43 on Friday. The stock’s 50-day simple moving average is $57.49 and its 200-day simple moving average is $61.37. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The company has a market capitalization of $29.02 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.57 and a beta of 0.79. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The firm’s 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. As a group, analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FISV. BMO Capital Markets lifted their target price on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Susquehanna reiterated a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Tigress Financial reiterated a “buy” rating and set a $95.00 target price on shares of Fiserv in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group lowered their price objective on Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.23.

Check Out Our Latest Analysis on FISV

Fiserv Company Profile

(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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