Hardy Reed LLC Invests $892,000 in Fiserv, Inc. $FISV

Hardy Reed LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,278 shares of the business services provider’s stock, valued at approximately $892,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chicago Capital LLC purchased a new position in Fiserv during the 4th quarter valued at about $1,316,000. AGF Management Ltd. boosted its stake in shares of Fiserv by 55.4% in the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after buying an additional 69,383 shares during the period. National Pension Service boosted its stake in shares of Fiserv by 2.6% in the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after buying an additional 30,951 shares during the period. Machina Capital S.A.S. boosted its stake in shares of Fiserv by 256.8% in the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after buying an additional 33,949 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Fiserv by 4.2% in the 3rd quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock valued at $121,557,000 after buying an additional 38,167 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $56.03 on Wednesday. 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 fifty-two week low of $52.17 and a fifty-two week high of $177.36. The firm has a market capitalization of $29.88 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.84. The stock’s 50-day simple moving average is $57.86 and its 200-day simple moving average is $62.07.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. The business’s revenue for the quarter 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, equities research analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FISV shares. Susquehanna reiterated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. BNP Paribas Exane decreased their price objective on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Loop Capital decreased their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, Truist Financial decreased their price objective on Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Nine 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, the company currently has an average rating of “Hold” and a consensus price target of $82.97.

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.