Bridges Investment Management Inc. Makes New $1.91 Million Investment in Fiserv, Inc. $FISV

Bridges Investment Management Inc. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,400 shares of the business services provider’s stock, valued at approximately $1,908,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its position in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the last quarter. Schnieders Capital Management LLC. raised its position in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after acquiring an additional 483 shares during the last quarter. Jump Financial LLC acquired a new position in Fiserv during the second quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL raised its position in Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FISV opened at $55.08 on Thursday. The company has a fifty day simple moving average of $57.54 and a 200 day simple moving average of $61.47. The firm has a market cap of $29.37 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.58 and a beta of 0.79. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on FISV. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Truist Financial set a $58.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. TD Cowen reissued a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Finally, B. Riley Financial cut their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Nine investment 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. According to data from MarketBeat.com, the stock presently 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.