Kazazian Asset Management LLC Takes $739,000 Position in Fiserv, Inc. $FISV

Kazazian Asset Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, Holdings Channel reports. The institutional investor bought 11,000 shares of the business services provider’s stock, valued at approximately $739,000. Fiserv makes up about 0.8% of Kazazian Asset Management LLC’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Optimize Financial Inc purchased a new stake in shares of Fiserv in the fourth quarter valued at about $228,000. Legal & General Group Plc purchased a new stake in shares of Fiserv in the fourth quarter valued at about $250,877,000. Morningstar Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $890,000. Glenview Trust Co purchased a new stake in shares of Fiserv in the fourth quarter valued at about $1,387,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $365,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NASDAQ:FISV opened at $57.13 on Monday. The firm has a market cap of $30.46 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The firm’s fifty day moving average price is $57.66 and its 200 day moving average price is $61.88. 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 (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research reports. Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. BNP Paribas Exane lowered their price objective on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Citigroup lowered their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Truist Financial lowered their price objective on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $82.97.

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.