Saranac Partners Ltd Takes $3.11 Million Position in Fiserv, Inc. $FISV

Saranac Partners Ltd purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,252 shares of the business services provider’s stock, valued at approximately $3,107,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. bought a new position in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Capital World Investors lifted its position in Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Fiserv during the 4th quarter valued at about $223,136,000. Pittenger & Anderson Inc. acquired a new position in Fiserv during the 4th quarter valued at about $193,349,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Fiserv in the 4th quarter worth about $174,502,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Compass Point cut their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. UBS Group set a $65.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Finally, Jefferies Financial Group boosted their price target on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.97.

Fiserv Price Performance

NASDAQ: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 business’s 50-day moving average price is $57.86 and its 200 day moving average price is $62.07. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The firm has a market cap of $29.88 billion, a P/E ratio of 9.50, a PEG ratio of 1.80 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.14 earnings per share 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.