235,066 Shares in Fiserv, Inc. $FISV Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 235,066 shares of the business services provider’s stock, valued at approximately $15,791,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Capital LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $1,316,000. Vulcan Value Partners LLC bought a new position in shares of Fiserv during the 3rd quarter valued at about $103,398,000. Blume Capital Management Inc. increased its position in shares of Fiserv by 785.7% during the 3rd quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock valued at $3,249,000 after purchasing an additional 22,352 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new position in shares of Fiserv during the 4th quarter valued at about $1,141,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Fiserv during the 4th quarter valued at about $4,127,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FISV. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets raised their price target on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Finally, Truist Financial set a $58.00 price target on Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Nine 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.23.

Fiserv Trading Down 3.2%

NASDAQ FISV opened at $54.43 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 $57.49 and a two-hundred day simple moving average of $61.37. The stock has a market cap of $29.02 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’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. 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.