Louisiana State Employees Retirement System Purchases New Stake in Fiserv, Inc. $FISV

Louisiana State Employees Retirement System acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,400 shares of the business services provider’s stock, valued at approximately $1,529,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FISV. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $3,507,063,000. Dodge & Cox purchased a new position in Fiserv during the fourth quarter valued at approximately $3,323,210,000. State Street Corp acquired a new position in Fiserv in the 4th quarter valued at approximately $1,588,663,000. Geode Capital Management LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $854,215,000. Finally, Amundi purchased a new stake in Fiserv in the 4th quarter worth approximately $825,819,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 3.4%

Fiserv stock opened at $50.73 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $175.92. The firm has a fifty day moving average price of $54.68 and a two-hundred day moving average price of $59.65. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.37 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analyst Weigh In

FISV has been the topic of several research analyst reports. TD Cowen restated a “buy” rating on shares of Fiserv in a report on Friday, May 15th. B. Riley Financial cut their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Tigress Financial restated a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Finally, Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.