Bleakley Financial Group LLC Lowers Stake in Fiserv, Inc. $FISV

Bleakley Financial Group LLC reduced its position in Fiserv, Inc. (NASDAQ:FISV) by 36.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,646 shares of the business services provider’s stock after selling 12,791 shares during the quarter. Bleakley Financial Group LLC’s holdings in Fiserv were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FISV. Stonebridge Capital Advisors LLC increased its position in shares of 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 acquiring an additional 98 shares during the last quarter. Bison Wealth LLC raised its stake 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 acquiring an additional 116 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 198 shares during the period. Cambient Family Office LLC increased its stake in Fiserv by 1.7% during the 1st quarter. Cambient Family Office LLC now owns 17,096 shares of the business services provider’s stock valued at $954,000 after buying an additional 291 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in shares of Fiserv in the 2nd quarter worth approximately $55,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Rothschild & Co Redburn cut their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. UBS Group set a $65.00 target price on shares of Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen lowered their price target on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Finally, Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.23.

Fiserv Stock Down 2.1%

FISV stock opened at $50.63 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. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $168.01. The company has a fifty day simple moving average of $52.54 and a 200 day simple moving average of $58.30. The firm has a market cap of $27.00 billion, a PE ratio of 8.58, a PEG ratio of 1.45 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its 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 firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’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. Sell-side analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

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.