Peapack Gladstone Financial Corp Makes New Investment in Fiserv, Inc. $FISV

Peapack Gladstone Financial Corp bought a new position 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 bought 9,707 shares of the business services provider’s stock, valued at approximately $652,000.

Other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust acquired a new position in Fiserv during the fourth quarter worth about $27,000. Kimelman & Baird LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. Mendota Financial Group LLC acquired a new position in Fiserv during the fourth quarter worth about $28,000. Finally, Capital Advisors Ltd. LLC acquired a new position in Fiserv during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens lowered their target price on Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $78.00 price objective on Fiserv in a research note on Wednesday, May 6th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.80.

Fiserv Stock Performance

Fiserv stock opened at $55.08 on Thursday. The business has a 50 day moving average of $57.54 and a 200-day moving average of $61.47. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $29.37 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.58 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.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. On average, equities research analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current year.

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.