Allianz SE Buys New Holdings in Fiserv, Inc. $FISV

Allianz SE purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,454 shares of the business services provider’s stock, valued at approximately $1,090,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Fiserv during the second quarter worth $1,252,260,000. Marshall Wace LLP acquired a new position in shares of Fiserv during the 2nd quarter worth about $356,643,000. Worldquant Millennium Advisors LLC increased its holdings in shares of Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after acquiring an additional 948,634 shares during the last quarter. Baupost Group LLC MA acquired a new stake in shares of Fiserv during the 2nd quarter worth about $154,307,000. Finally, Amundi lifted its stake in Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after purchasing an additional 807,916 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday. UBS Group dropped their target price on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Citigroup reiterated a “neutral” rating and set a $68.00 price target (down from $75.00) on shares of Fiserv in a research note on Wednesday, February 11th. Susquehanna restated a “positive” rating and issued a $99.00 price objective (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Finally, Jefferies Financial Group lifted their target price on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.74.

Fiserv Stock Performance

NASDAQ FISV opened at $62.29 on Friday. The firm has a market cap of $33.31 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.91 and a beta of 0.78. Fiserv, Inc. has a 52-week low of $57.79 and a 52-week high of $238.59. The business’s 50-day moving average price is $64.50 and its 200 day moving average price is $90.11. 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 posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm earned $2.51 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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.