Fiserv, Inc. $FISV Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 76.1% during the 1st quarter, HoldingsChannel reports. The firm owned 234,718 shares of the business services provider’s stock after selling 746,286 shares during the quarter. Bank of Nova Scotia’s holdings in Fiserv were worth $13,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FISV. Stonebridge Capital Advisors LLC boosted its holdings in Fiserv by 2.3% in the 2nd 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 period. Bison Wealth LLC boosted its stake in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the period. SkyView Investment Advisors LLC grew its holdings in Fiserv by 2.9% during the 4th 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 in the last quarter. Cambient Family Office LLC grew its holdings 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 purchasing an additional 291 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new stake in Fiserv during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FISV shares. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods cut their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Rothschild & Co Redburn lowered their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Mizuho dropped their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Finally, UBS Group set a $65.00 target price on Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $76.57.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Fiserv Trading Up 2.1%

NASDAQ:FISV opened at $51.02 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $52.21 and its two-hundred day moving average is $57.73. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $144.05. The company has a market cap of $27.21 billion, a PE ratio of 8.65, a P/E/G ratio of 1.43 and a beta of 0.82.

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

Fiserv 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.