Forsta AP Fonden Takes Position in Fiserv, Inc. $FISV

Forsta AP Fonden acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 123,100 shares of the business services provider’s stock, valued at approximately $8,269,000.

Several other hedge funds also recently modified their holdings of FISV. Vanguard Group Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $3,507,063,000. Geode Capital Management LLC bought a new position in Fiserv in the fourth quarter worth $854,215,000. Norges Bank bought a new position in Fiserv in the fourth quarter worth $555,964,000. Capital World Investors lifted its position in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. Finally, Legal & General Group Plc bought a new position in Fiserv in the fourth quarter worth $250,877,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of FISV stock opened at $59.05 on Tuesday. The stock has a 50-day moving average price of $57.60 and a 200 day moving average price of $61.59. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.58 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Cantor Fitzgerald reduced their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Northcoast Research cut Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. BMO Capital Markets raised their target price on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research report on Wednesday, March 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Nine 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.