HighTower Advisors LLC Invests $4.02 Million in Fiserv, Inc. $FISV

HighTower Advisors LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, Holdings Channel.com reports. The firm bought 59,821 shares of the business services provider’s stock, valued at approximately $4,018,000.

A number of other large investors also recently modified their holdings of the stock. Chicago Capital LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $1,316,000. AGF Management Ltd. lifted its holdings in Fiserv by 55.4% in the third quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after buying an additional 69,383 shares during the period. National Pension Service lifted its holdings in Fiserv by 2.6% in the third quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after buying an additional 30,951 shares during the period. Machina Capital S.A.S. lifted its holdings in Fiserv by 256.8% in the third quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after buying an additional 33,949 shares during the period. Finally, Vulcan Value Partners LLC acquired a new position in Fiserv in the third quarter valued at approximately $103,398,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.3%

Shares of NASDAQ:FISV opened at $56.56 on Friday. The company has a 50 day moving average price of $57.56 and a two-hundred day moving average price of $61.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The company has a market capitalization of $30.16 billion, a PE ratio of 9.59, a PEG ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (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 company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The company’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 forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FISV shares. Northcoast Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Stephens lowered their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Cantor Fitzgerald lowered their target price on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. BNP Paribas Exane lowered their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Rothschild & Co Redburn lowered their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $82.80.

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.