Sei Investments Co. Has $41.30 Million Stock Position in Fiserv, Inc. $FISV

Sei Investments Co. lifted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 58.0% during the first quarter, Holdings Channel.com reports. The firm owned 740,056 shares of the business services provider’s stock after acquiring an additional 271,622 shares during the period. Sei Investments Co.’s holdings in Fiserv were worth $41,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth approximately $25,000. American National Bank & Trust acquired a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Kimelman & Baird LLC bought a new position in shares of Fiserv in the 4th quarter worth $27,000. Finally, Goodman Advisory Group LLC acquired a new stake in Fiserv in the 4th quarter valued at $27,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FISV shares. Susquehanna restated a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research note on Wednesday, May 6th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a report on Thursday, July 9th. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research report on Friday, June 5th. Finally, Mizuho lowered their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.57.

Fiserv Stock Performance

Shares of FISV stock opened at $51.02 on Monday. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $144.05. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $52.21 and a two-hundred day simple moving average of $57.67. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.43 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’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. Research analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.