BI Asset Management Fondsmaeglerselskab A S Acquires 30,292 Shares of Fiserv, Inc. $FISV

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,358 shares of the business services provider’s stock after buying an additional 30,292 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fiserv were worth $14,802,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $3,507,063,000. Dodge & Cox acquired a new position in shares of Fiserv during the fourth quarter worth approximately $3,323,210,000. State Street Corp bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $1,588,663,000. Geode Capital Management LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $854,215,000. Finally, Amundi acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $825,819,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $47.86 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79. The firm has a 50 day simple moving average of $56.56 and a 200 day simple moving average of $60.66. Fiserv, Inc. has a fifty-two week low of $47.37 and a fifty-two week high of $177.36.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. 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, sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on FISV. Cantor Fitzgerald dropped their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Morgan Stanley increased their price objective on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Loop Capital dropped their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Finally, Susquehanna reaffirmed a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.