E. Ohman J or Asset Management AB Acquires New Shares in Fiserv, Inc. $FISV

E. Ohman J or Asset Management AB bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the first quarter, HoldingsChannel reports. The institutional investor bought 18,781 shares of the business services provider’s stock, valued at approximately $1,048,000.

Several other hedge funds have also recently modified their holdings of the business. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at $25,000. Private Wealth Asset Management LLC bought a new stake in Fiserv in the 4th quarter worth about $25,000. American National Bank & Trust purchased a new position in Fiserv in the 4th quarter worth about $27,000. Kimelman & Baird LLC purchased a new position in Fiserv in the 4th quarter worth about $27,000. Finally, Goodman Advisory Group LLC bought a new position in Fiserv during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Mizuho lowered their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. The Goldman Sachs Group cut their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Tigress Financial reiterated a “buy” rating and set a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.23.

Fiserv Stock Performance

Fiserv stock opened at $47.86 on Monday. Fiserv, Inc. has a 52-week low of $47.37 and a 52-week high of $177.36. The company has a market cap of $25.52 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.34 and a beta of 0.80. 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 has a 50-day simple moving average of $56.56 and a two-hundred day simple moving average of $60.65.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’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. Analysts predict that Fiserv, Inc. will post 8.14 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.