Meridian Wealth Management LLC Purchases Shares of 53,155 Fiserv, Inc. $FISV

Meridian Wealth Management LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 53,155 shares of the business services provider’s stock, valued at approximately $3,570,000.

A number of other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC bought a new stake in Fiserv during the fourth quarter valued at $547,000. Bailard Inc. bought a new stake in Fiserv during the fourth quarter valued at $326,000. Tsfg LLC bought a new stake in Fiserv during the fourth quarter valued at $55,000. First National Advisers LLC bought a new stake in Fiserv during the fourth quarter valued at $218,000. Finally, Settian Capital LP bought a new stake in Fiserv during the fourth quarter valued at $2,418,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.9%

FISV opened at $54.88 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $191.91. The firm has a market capitalization of $29.26 billion, a PE ratio of 9.30, a P/E/G ratio of 1.68 and a beta of 0.84. The company’s 50-day moving average is $58.67 and its 200 day moving average is $64.17.

Fiserv (NASDAQ:FISVGet Free Report) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. The company’s quarterly 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. As a group, research analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FISV. Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. B. Riley Financial dropped their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $83.57.

View Our Latest Report on FISV

Fiserv News Roundup

Here are the key news stories impacting Fiserv this week:

About Fiserv

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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