Fulton Bank N.A. Acquires Shares of 24,106 Fiserv, Inc. $FISV

Fulton Bank N.A. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,106 shares of the business services provider’s stock, valued at approximately $1,345,000.

A number of other hedge funds also recently modified their holdings of FISV. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $3,507,063,000. Dodge & Cox bought a new position in Fiserv in the 4th quarter valued at about $3,323,210,000. State Street Corp bought a new position in Fiserv in the 4th quarter valued at about $1,588,663,000. Geode Capital Management LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $854,215,000. Finally, Amundi acquired a new stake in Fiserv during the fourth quarter worth approximately $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $52.33 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $175.92. The firm has a market cap of $27.91 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The business’s fifty day moving average is $54.46 and its 200-day moving average is $59.54.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. The firm’s 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. Sell-side analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on 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 transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Truist Financial set a $58.00 price target on Fiserv and gave the company a “hold” rating in a research note on Friday, May 29th. Citigroup decreased their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $82.23.

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.