Convergence Financial LLC Takes $708,000 Position in Fiserv, Inc. $FISV

Convergence Financial LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,536 shares of the business services provider’s stock, valued at approximately $708,000.

Other institutional investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at about $30,000. WFA of San Diego LLC bought a new position in shares of Fiserv during the 2nd quarter valued at about $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new stake in Fiserv during the 4th quarter valued at about $25,000. Finally, Kimelman & Baird LLC purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FISV has been the subject of several analyst reports. BNP Paribas Exane dropped their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods dropped their target price on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets increased their target price on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Finally, Mizuho dropped their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Nine 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. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $82.80.

Fiserv Trading Up 2.1%

NASDAQ FISV opened at $56.23 on Friday. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $57.54 and a two-hundred day simple moving average of $61.42. The stock has a market cap of $29.98 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

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.