Comerica Bank Acquires New Position in Fiserv, Inc. $FISV

Comerica Bank acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel reports. The fund acquired 77,153 shares of the business services provider’s stock, valued at approximately $5,182,000.

Several other institutional investors and hedge funds have also modified their holdings of FISV. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC lifted its stake in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares during the period. Jump Financial LLC purchased a new position in shares of Fiserv during the second quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $62.14 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The company has a market cap of $33.18 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.95 and a beta of 0.84. Fiserv, Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $191.91. The firm’s 50 day moving average is $59.26 and its two-hundred day moving average is $67.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. Fiserv’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts expect that Fiserv, Inc. will post 8.11 EPS for the current year.

Wall Street Analyst Weigh In

FISV has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Truist Financial reduced their price objective on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Citigroup reduced their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Morgan Stanley reduced their price objective on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group upped their price objective on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.41.

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.