Cary Street Partners Financial LLC Purchases Shares of 12,781 Fiserv, Inc. $FISV

Cary Street Partners Financial LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,781 shares of the business services provider’s stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FISV. Redmont Wealth Advisors LLC bought a new position in Fiserv in the third quarter valued at about $30,000. WFA of San Diego LLC bought a new position in Fiserv in the second quarter valued at about $55,000. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter valued at about $25,000. Kimelman & Baird LLC bought a new position in Fiserv in the fourth quarter valued at about $27,000. Finally, American National Bank & Trust bought a new position in Fiserv in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.3%

Shares of NASDAQ:FISV opened at $56.56 on Friday. The company has a market capitalization of $30.16 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $57.56 and a two-hundred day moving average price of $61.63. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results 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 company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business’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. Analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on FISV shares. BNP Paribas Exane reduced their price target on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Citigroup reduced their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Mizuho reduced their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Susquehanna restated a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Finally, Robert W. Baird set a $78.00 price objective on Fiserv in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.80.

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.