CIBC Asset Management Inc Invests $8.68 Million in Fiserv, Inc. $FISV

CIBC Asset Management Inc bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 129,155 shares of the business services provider’s stock, valued at approximately $8,675,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FISV. Stonebridge Capital Advisors LLC raised its holdings in Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC raised its holdings 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 purchasing an additional 116 shares in the last quarter. ROI Financial Advisors LLC raised its holdings in Fiserv by 10.3% during the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock worth $241,000 after purchasing an additional 175 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in Fiserv by 3.5% during the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock worth $667,000 after purchasing an additional 175 shares in the last quarter. Finally, Notis McConarty Edward raised its holdings in Fiserv by 0.5% during the third quarter. Notis McConarty Edward now owns 35,840 shares of the business services provider’s stock worth $4,621,000 after purchasing an additional 185 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

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

Fiserv (NASDAQ:FISV) last issued 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. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s quarterly 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. On average, equities analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho dropped 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. Morgan Stanley lifted their price objective on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Citigroup lowered their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. UBS Group set a $65.00 price target on shares of Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.23.

Fiserv Company 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.