Bank of New York Mellon Corp Buys New Stake in Fiserv, Inc. $FISV

Bank of New York Mellon Corp bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,880,349 shares of the business services provider’s stock, valued at approximately $193,473,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $3,507,063,000. Capital World Investors raised its stake in Fiserv by 35.2% during 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. Geode Capital Management LLC purchased a new position in Fiserv during the fourth quarter worth approximately $854,215,000. Norges Bank purchased a new position in Fiserv during the fourth quarter worth approximately $555,964,000. Finally, Legal & General Group Plc purchased a new position in Fiserv during the fourth quarter worth approximately $250,877,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $54.43 on Friday. The firm has a market cap of $29.02 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.79. The firm’s 50-day simple moving average is $57.49 and its 200-day simple moving average is $61.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36.

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

Analyst Ratings Changes

A number of research firms have weighed in on FISV. B. Riley Financial cut their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group dropped their price target on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Keefe, Bruyette & Woods dropped their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. BMO Capital Markets upped their price target on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Finally, Morgan Stanley boosted their price objective on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Hold” and an average target price of $82.23.

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.