Coerente Capital Management Raises Stake in Fiserv, Inc. $FISV

Coerente Capital Management boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 76.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,310 shares of the business services provider’s stock after acquiring an additional 77,984 shares during the period. Fiserv comprises 1.9% of Coerente Capital Management’s investment portfolio, making the stock its 21st biggest holding. Coerente Capital Management’s holdings in Fiserv were worth $10,061,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Chicago Capital LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $1,316,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $1,141,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Fiserv in the 4th quarter valued at $4,127,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiserv in the 4th quarter valued at $14,907,000. Finally, Barclays PLC grew its position in shares of Fiserv by 116.0% in the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after buying an additional 1,895,349 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FISV shares. Susquehanna reissued a “positive” rating and issued a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Cantor Fitzgerald dropped their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut their target price on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. The Goldman Sachs Group reduced their target price on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, TD Cowen reissued a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $82.23.

Fiserv Stock Up 0.3%

Shares of NASDAQ:FISV opened at $47.30 on Wednesday. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $177.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $25.22 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.32 and a beta of 0.79. The firm has a fifty day moving average price of $56.20 and a 200 day moving average price of $60.40.

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

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.