Rehmann Capital Advisory Group Takes $733,000 Position in Fiserv, Inc. $FISV

Rehmann Capital Advisory Group bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,920 shares of the business services provider’s stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FISV. WFA of San Diego LLC bought a new position in shares of Fiserv in the second quarter valued at $55,000. Oakworth Capital Inc. bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in shares of Fiserv in the 4th quarter worth $27,000. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FISV opened at $47.86 on Monday. The business’s 50-day moving average is $56.56 and its 200-day moving average is $60.65. 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 capitalization of $25.52 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.34 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $47.37 and a fifty-two week high of $177.36.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Insider Activity

In related news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was 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 of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

FISV has been the subject of several analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Royal Bank Of Canada set a $75.00 price objective on Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Truist Financial set a $58.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, BMO Capital Markets boosted their price target on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Nine 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.23.

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.