Fairtree Asset Management Pty Ltd Makes New Investment in Fiserv, Inc. $FISV

Fairtree Asset Management Pty Ltd bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,988 shares of the business services provider’s stock, valued at approximately $1,275,000.

Other large investors have also bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Fiserv in the third quarter worth about $30,000. Westfuller Advisors LLC purchased a new position in Fiserv in the third quarter worth about $36,000. WFA of San Diego LLC purchased a new position in Fiserv in the second quarter worth about $55,000. Oakworth Capital Inc. purchased a new position in Fiserv in the fourth quarter worth about $25,000. Finally, Kimelman & Baird LLC purchased a new position in Fiserv in the fourth quarter worth about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FISV. Morgan Stanley decreased their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Jefferies Financial Group lifted their target price on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Finally, B. Riley Financial decreased their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $82.97.

Fiserv Stock Down 1.1%

FISV opened at $56.03 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $57.86 and a 200-day moving average price of $62.07. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The stock has a market capitalization of $29.88 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.80 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’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. Equities research analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Fiserv 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.