Cannon Capital Management Inc. Makes New $899,000 Investment in Fiserv, Inc. $FISV

Cannon Capital Management Inc. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,112 shares of the business services provider’s stock, valued at approximately $899,000. Fiserv accounts for approximately 0.7% of Cannon Capital Management Inc.’s holdings, making the stock its 19th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. purchased a new position in Fiserv during the fourth quarter worth about $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv in the 4th quarter worth about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $51.68 on Tuesday. The stock’s 50-day moving average is $52.49 and its 200 day moving average is $58.12. The stock has a market cap of $27.56 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $167.39. 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 issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (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 $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. The company’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, sell-side analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on FISV shares. Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Citigroup reissued a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a research report on Friday, June 5th. Finally, Loop Capital dropped their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Seven analysts have rated the stock with a Buy rating, twenty-six have issued 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 a consensus price target of $77.23.

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.