PNC Financial Services Group Inc. Has $8.04 Million Stock Position in Fiserv, Inc. $FISV

PNC Financial Services Group Inc. lowered its stake in Fiserv, Inc. (NASDAQ:FISV) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,120 shares of the business services provider’s stock after selling 19,266 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fiserv were worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FISV. WFA of San Diego LLC purchased a new position in shares of Fiserv in the second quarter worth approximately $55,000. Oakworth Capital Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new position in Fiserv in the 4th quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in Fiserv during the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Fiserv during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FISV. Rothschild & Co Redburn reduced their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target on the stock. in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Finally, Loop Capital decreased their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.57.

Insider Buying and Selling

In other news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $51.02 on Monday. The firm has a fifty day moving average of $52.21 and a two-hundred day moving average of $57.67. The firm has a market capitalization of $27.21 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $144.05. 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 posted its quarterly earnings results 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. The firm’s revenue for the quarter 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 expect that Fiserv, Inc. will post 8.13 EPS 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.