Cary Street Partners Financial LLC Takes $858,000 Position in Fiserv, Inc. $FISV

Cary Street Partners Financial LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel reports. The fund bought 12,781 shares of the business services provider’s stock, valued at approximately $858,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. bought a new position in shares of Fiserv in the 4th quarter worth about $3,507,063,000. Capital World Investors lifted its holdings in Fiserv by 35.2% in the third 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. Legal & General Group Plc purchased a new stake in Fiserv in the fourth quarter worth about $250,877,000. Barclays PLC increased its position in Fiserv by 116.0% in the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after buying an additional 1,895,349 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Fiserv during the fourth quarter worth about $223,136,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Up 1.3%

NASDAQ:FISV opened at $56.56 on Friday. 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 stock’s fifty day moving average is $57.56 and its two-hundred day moving average is $61.63. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s 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 8.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FISV. Citigroup cut their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company decreased their price objective on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Mizuho cut their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Northcoast Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley boosted their price target on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday. Nine 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.80.

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.