9,579 Shares in Fiserv, Inc. $FISV Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,579 shares of the business services provider’s stock, valued at approximately $643,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $3,507,063,000. Capital World Investors raised its holdings in shares of Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $854,215,000. Norges Bank acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $555,964,000. Finally, Legal & General Group Plc acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $250,877,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. BMO Capital Markets increased their target price on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Morgan Stanley increased their target price on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. UBS Group set a $65.00 price target on Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, B. Riley Financial cut their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus target price of $82.23.

Fiserv Trading Down 1.4%

FISV opened at $53.28 on Thursday. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The business has a fifty day simple moving average of $57.41 and a 200-day simple moving average of $61.20. The firm has a market cap of $28.41 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.51 and a beta of 0.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS 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 during the quarter, compared to analyst estimates of $4.73 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current 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.