39,865 Shares in Fiserv, Inc. $FISV Purchased by Allstate Corp

Allstate Corp bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 39,865 shares of the business services provider’s stock, valued at approximately $2,678,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Fiserv during the third quarter worth about $30,000. WFA of San Diego LLC acquired a new stake in shares of Fiserv during the second quarter worth about $55,000. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth about $25,000. Kimelman & Baird LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Finally, American National Bank & Trust acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. B. Riley Financial decreased their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company decreased their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. BMO Capital Markets lifted their target price on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, May 15th. Stephens reduced their price target on Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.97.

Fiserv Stock Up 0.0%

Fiserv stock opened at $55.62 on Thursday. The stock has a market capitalization of $29.66 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The business has a 50 day simple moving average of $57.62 and a 200-day simple moving average of $61.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’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. On average, analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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.