Bank of New York Mellon Corp Has $153.70 Million Holdings in Fiserv, Inc. $FISV

Bank of New York Mellon Corp lessened its stake in Fiserv, Inc. (NASDAQ:FISV) by 4.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,754,539 shares of the business services provider’s stock after selling 125,810 shares during the quarter. Bank of New York Mellon Corp’s holdings in Fiserv were worth $153,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Dodge & Cox acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $3,323,210,000. State Street Corp bought a new stake in shares of Fiserv during the fourth quarter worth $1,588,663,000. Geode Capital Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $854,215,000. Finally, Amundi bought a new stake in Fiserv in the 4th quarter valued at $825,819,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of several recent research reports. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Truist Financial set a $58.00 price objective on Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a research note on Friday, June 5th. 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. Seven equities research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.23.

Insider Activity 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 acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Fiserv Price Performance

Shares of FISV stock opened at $50.63 on Monday. 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 firm’s 50-day moving average is $52.54 and its 200-day moving average is $58.24. The stock has a market cap of $27.00 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $168.01.

Fiserv (NASDAQ:FISV) last issued 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 return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’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. Sell-side analysts predict that Fiserv, Inc. will post 8.13 EPS for the current year.

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.