Rockefeller Capital Management L.P. Takes Position in Fiserv, Inc. $FISV

Rockefeller Capital Management L.P. acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,419 shares of the business services provider’s stock, valued at approximately $4,461,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $3,507,063,000. Dodge & Cox bought a new position in Fiserv during the 4th quarter valued at $3,323,210,000. Capital World Investors increased its position in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. State Street Corp acquired a new position in shares of Fiserv during the 4th quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth $854,215,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The acquisition 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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FISV shares. Cantor Fitzgerald decreased their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Rothschild & Co Redburn reduced their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a research note on Wednesday, March 11th. Wells Fargo & Company cut their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Finally, UBS Group set a $65.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.23.

Fiserv Price Performance

FISV opened at $49.45 on Friday. The stock has a fifty day moving average of $55.52 and a 200-day moving average of $60.06. The firm has a market capitalization of $26.37 billion, a P/E ratio of 8.38, a PEG ratio of 1.38 and a beta of 0.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’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. Equities analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

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.