Handelsbanken Fonder AB Invests $10.30 Million in Fiserv, Inc. $FISV

Handelsbanken Fonder AB purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 153,300 shares of the business services provider’s stock, valued at approximately $10,297,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Kimelman & Baird LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. Mendota Financial Group LLC purchased a new position in Fiserv during the 4th quarter worth $28,000. Finally, Capital Advisors Ltd. LLC purchased a new position in Fiserv during the 4th quarter worth $29,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley reduced their price objective on Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Wells Fargo & Company reduced their price objective on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Rothschild & Co Redburn reduced their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price objective on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Finally, Susquehanna restated a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.97.

Fiserv Trading Down 1.0%

Shares of NASDAQ:FISV opened at $55.82 on Friday. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The business’s fifty day simple moving average is $57.69 and its 200-day simple moving average is $61.93. The company has a market capitalization of $29.77 billion, a PE ratio of 9.46, a P/E/G ratio of 1.58 and a beta of 0.84. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.73 billion. Fiserv’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, equities research analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Fiserv Company 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.