Canoe Financial LP Purchases Shares of 475,450 Fiserv, Inc. $FISV

Canoe Financial LP purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the first quarter, HoldingsChannel reports. The institutional investor purchased 475,450 shares of the business services provider’s stock, valued at approximately $26,530,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Oakworth Capital Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv during the 4th quarter worth about $25,000. American National Bank & Trust purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. Kimelman & Baird LLC purchased a new stake in Fiserv during the 4th quarter valued at about $27,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Fiserv in the fourth quarter valued at about $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NASDAQ FISV opened at $49.45 on Monday. The firm has a market capitalization of $26.37 billion, a P/E ratio of 8.38, a PEG ratio of 1.38 and a beta of 0.80. The stock has a 50-day simple moving average of $55.52 and a two-hundred day simple moving average of $60.02. 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 $47.04 and a fifty-two week high of $175.92.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’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. On average, equities analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FISV shares. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. UBS Group set a $65.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Finally, TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.23.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Fiserv 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.