Tobam Makes New Investment in Fiserv, Inc. $FISV

Tobam purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 62,443 shares of the business services provider’s stock, valued at approximately $4,194,000.

Other large investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Fiserv during the 4th quarter worth $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. American National Bank & Trust acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FISV opened at $47.86 on Friday. The company has a market capitalization of $25.52 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79. Fiserv, Inc. has a 52-week low of $47.37 and a 52-week high of $177.36. 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 stock has a 50 day moving average price of $56.56 and a 200 day moving average price of $60.66.

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, topping analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FISV shares. BMO Capital Markets upped their target price on shares of Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Tigress Financial reiterated a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a report on Wednesday, May 6th. Finally, UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.23.

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.