Fifth Third Bancorp Purchases New Position in Fiserv, Inc. $FISV

Fifth Third Bancorp purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,418 shares of the business services provider’s stock, valued at approximately $4,461,000.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in Fiserv by 3,750.0% in the 3rd 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 in the last quarter. Redmont Wealth Advisors LLC bought a new position in Fiserv in the 3rd quarter valued at about $30,000. Westfuller Advisors LLC bought a new position in Fiserv in the 3rd quarter valued at about $36,000. WFA of San Diego LLC bought a new position in Fiserv in the 2nd quarter valued at about $55,000. Finally, Davis Capital Management bought a new position in Fiserv in the 3rd quarter valued at about $43,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.8%

Shares of FISV stock opened at $62.14 on Friday. The company has a 50 day moving average of $59.26 and a 200-day moving average of $67.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a 12-month low of $52.91 and a 12-month high of $191.91. The firm has a market cap of $33.18 billion, a P/E ratio of 9.80, a PEG ratio of 1.93 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (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 company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business posted $2.51 EPS. 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. Sell-side analysts anticipate that Fiserv, Inc. will post 8.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. BMO Capital Markets initiated coverage on shares of Fiserv in a research report on Tuesday, April 21st. They set a “market perform” rating and a $65.00 target price on the stock. Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Citigroup dropped their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, BNP Paribas Exane dropped their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Eight research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus price target of $92.41.

About Fiserv

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.