CIBC Asset Management Inc Takes Position in Fiserv, Inc. $FISV

CIBC Asset Management Inc purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel.com reports. The fund purchased 129,155 shares of the business services provider’s stock, valued at approximately $8,675,000.

Several other hedge funds have also modified their holdings of FISV. Redmont Wealth Advisors LLC acquired a new position in Fiserv in the third quarter valued at approximately $30,000. WFA of San Diego LLC acquired a new position in Fiserv in the second quarter valued at approximately $55,000. Oakworth Capital Inc. acquired a new position in Fiserv in the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. Finally, American National Bank & Trust acquired a new stake in Fiserv in the fourth quarter worth $27,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

NASDAQ FISV opened at $54.43 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $29.02 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.57 and a beta of 0.79. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The firm has a 50-day moving average price of $57.49 and a two-hundred day moving average price of $61.37.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FISV shares. Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. The Goldman Sachs Group cut their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a report on Wednesday, May 6th. Morgan Stanley increased their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Finally, UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.23.

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.