Cibc World Market Inc. Acquires New Shares in Fiserv, Inc. $FISV

Cibc World Market Inc. purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,956 shares of the business services provider’s stock, valued at approximately $6,781,000.

Several other hedge funds also recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new position in Fiserv during the fourth quarter worth $3,507,063,000. Geode Capital Management LLC purchased a new position in Fiserv during the fourth quarter worth $854,215,000. Norges Bank purchased a new position in Fiserv during the fourth quarter worth $555,964,000. Capital World Investors increased its position 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 buying an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Fiserv during the fourth quarter worth $250,877,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FISV shares. 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. Tigress Financial reissued a “buy” rating and set a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th. Citigroup lowered their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, Mizuho lowered their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Nine equities research 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’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $82.23.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $54.43 on Monday. The company has a market cap of $29.02 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.52 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The business has a fifty day simple moving average of $57.49 and a 200-day simple moving average of $61.36.

Fiserv (NASDAQ:FISV) last issued its 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 return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’s 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. Equities research analysts forecast that Fiserv, Inc. will post 8.14 EPS 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.