Bleakley Financial Group LLC Buys New Shares in Fiserv, Inc. $FISV

Bleakley Financial Group LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,437 shares of the business services provider’s stock, valued at approximately $2,380,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FISV. Oakworth Capital Inc. acquired a new stake in Fiserv during the fourth quarter valued at approximately $25,000. American National Bank & Trust acquired a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Kimelman & Baird LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Mendota Financial Group LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $28,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial cut their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Citigroup cut their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Compass Point cut their price target on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Rothschild & Co Redburn cut their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Finally, Robert W. Baird set a $78.00 price target on shares of Fiserv in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $82.97.

Fiserv Stock Up 0.0%

Fiserv stock opened at $55.62 on Thursday. The firm has a market cap of $29.66 billion, a PE ratio of 9.43, a P/E/G ratio of 1.56 and a beta of 0.84. 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 price is $57.62 and its two-hundred day moving average price is $61.72. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36.

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