M&G PLC Acquires 103,773 Shares of Fiserv, Inc. $FISV

M&G PLC raised its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 376.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,326 shares of the business services provider’s stock after purchasing an additional 103,773 shares during the period. M&G PLC’s holdings in Fiserv were worth $16,941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Norges Bank acquired a new position in shares of Fiserv in the second quarter worth approximately $1,252,260,000. Amundi raised its holdings in Fiserv by 27.2% during the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after purchasing an additional 807,916 shares during the last quarter. Legal & General Group Plc raised its holdings in Fiserv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after purchasing an additional 39,036 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after purchasing an additional 109,427 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Fiserv by 34.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock valued at $455,478,000 after purchasing an additional 680,743 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on FISV. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Mizuho dropped their price objective on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. BNP Paribas Exane raised their target price on Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Stephens dropped their price target on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.97.

Fiserv Trading Up 0.9%

NASDAQ FISV opened at $59.36 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $65.66 and a 200 day simple moving average of $94.39. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $238.59. The firm has a market capitalization of $32.27 billion, a P/E ratio of 9.36, a PEG ratio of 3.39 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.