Renaissance Technologies LLC Grows Position in Fiserv, Inc. $FISV

Renaissance Technologies LLC boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 437.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 668,227 shares of the business services provider’s stock after acquiring an additional 543,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Fiserv were worth $37,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new position in shares of Fiserv during the second quarter valued at approximately $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company insiders.

Fiserv Trading Up 2.5%

Shares of NASDAQ FISV opened at $52.31 on Tuesday. 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 business has a fifty day simple moving average of $52.12 and a two-hundred day simple moving average of $57.55. The firm has a market cap of $27.89 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $144.05.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping 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 business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The firm’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 expect that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FISV shares. UBS Group set a $65.00 price objective on Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their target price on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. BMO Capital Markets restated a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $78.00 price objective on shares of Fiserv 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 issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.57.

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.