Black Creek Investment Management Inc. Purchases 30,069 Shares of Fiserv, Inc. $FISV

Black Creek Investment Management Inc. increased its position in Fiserv, Inc. (NASDAQ:FISV) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,160 shares of the business services provider’s stock after purchasing an additional 30,069 shares during the period. Fiserv makes up 0.8% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 17th largest holding. Black Creek Investment Management Inc.’s holdings in Fiserv were worth $17,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Brighton Jones LLC raised its holdings in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Fiserv by 21.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after purchasing an additional 483 shares during the last quarter. South Dakota Investment Council bought a new position in shares of Fiserv in the second quarter valued at approximately $1,483,000. Finally, Sigma Planning Corp boosted its position in shares of Fiserv by 8.5% during the second quarter. Sigma Planning Corp now owns 9,569 shares of the business services provider’s stock valued at $1,650,000 after buying an additional 748 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $62.89 on Wednesday. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $235.70. The company’s 50-day moving average is $64.27 and its 200 day moving average is $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $33.63 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $2.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FISV shares. B. Riley Financial lowered their price target on Fiserv from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Northcoast Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Jefferies Financial Group increased their target price on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. UBS Group dropped their price target on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, Truist Financial reduced their price objective on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.74.

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.