King Luther Capital Management Corp Trims Stock Position in Fiserv, Inc. $FISV

King Luther Capital Management Corp decreased its position in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) by 58.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 183,772 shares of the business services provider’s stock after selling 258,567 shares during the quarter. King Luther Capital Management Corp’s holdings in Fiserv were worth $23,694,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Fiserv during the 3rd quarter worth approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 225 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Fiserv in the third quarter valued at approximately $30,000. Clear Street LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $34,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $36,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FISV has been the subject of a number of recent research reports. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Argus reiterated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. TD Cowen reissued a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Finally, Tigress Financial set a $95.00 target price on Fiserv and gave the company a “buy” rating in a research note on Wednesday, December 31st. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.16.

Get Our Latest Report on Fiserv

Fiserv Trading Down 2.3%

Shares of FISV stock opened at $61.53 on Friday. The business’s fifty day moving average price is $65.40 and its 200 day moving average price is $93.44. The firm has a market capitalization of $33.45 billion, a PE ratio of 9.71, a P/E/G ratio of 1.93 and a beta of 0.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $57.79 and a 1-year high of $238.59.

Fiserv (NASDAQ:FISVGet Free Report) last released its earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company earned $2.51 earnings per share. Fiserv’s quarterly revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

About Fiserv

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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