Cooke & Bieler LP Acquires New Stake in Fiserv, Inc. $FISV

Cooke & Bieler LP bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,213,006 shares of the business services provider’s stock, valued at approximately $148,648,000. Fiserv makes up approximately 1.6% of Cooke & Bieler LP’s portfolio, making the stock its 20th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $3,507,063,000. Capital World Investors increased its position in shares of Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Legal & General Group Plc purchased a new stake in Fiserv in the fourth quarter valued at approximately $250,877,000. Barclays PLC lifted its position in Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after purchasing an additional 1,895,349 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Fiserv in the 4th quarter worth $223,136,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $57.13 on Tuesday. 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 12 month low of $52.17 and a 12 month high of $177.36. The firm has a market capitalization of $30.46 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. The firm has a fifty day simple moving average of $57.68 and a two-hundred day simple moving average of $61.82.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business’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. Equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research analyst reports. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. UBS Group set a $65.00 price objective on Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. BMO Capital Markets raised their price objective on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Morgan Stanley cut their target price on Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Finally, BNP Paribas Exane decreased their price target on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.97.

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.