13,596 Shares in Fiserv, Inc. $FISV Bought by Provident Investment Management Inc.

Provident Investment Management Inc. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,596 shares of the business services provider’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Vanguard Group Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $3,507,063,000. Capital World Investors grew its stake in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares during the period. Pittenger & Anderson Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $193,349,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Fiserv in the 4th quarter worth approximately $174,502,000. Finally, Barclays PLC raised its stake in Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 2.0%

Shares of FISV opened at $54.39 on Tuesday. The firm has a market cap of $29.00 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. 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 1 year low of $52.91 and a 1 year high of $191.91. The company has a 50 day simple moving average of $58.82 and a two-hundred day simple moving average of $64.67.

Fiserv (NASDAQ:FISV) last released 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 $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FISV. Zacks Research upgraded shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Wells Fargo & Company dropped their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Finally, BNP Paribas Exane cut their price target on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.21.

Fiserv Company 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.