14,464 Shares in Fiserv, Inc. $FISV Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 14,464 shares of the business services provider’s stock, valued at approximately $807,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Fiserv in the 1st quarter valued at approximately $1,488,000. Independent Financial Group LLC bought a new stake in Fiserv in the 1st quarter valued at approximately $223,000. D.A. Davidson & CO. boosted its position in Fiserv by 26.4% during the 1st quarter. D.A. Davidson & CO. now owns 64,339 shares of the business services provider’s stock worth $3,590,000 after acquiring an additional 13,441 shares during the last quarter. Marks Group Wealth Management Inc boosted its position in Fiserv by 123.7% during the 1st quarter. Marks Group Wealth Management Inc now owns 100,047 shares of the business services provider’s stock worth $5,583,000 after acquiring an additional 55,318 shares during the last quarter. Finally, Robinson Value Management Ltd. bought a new position in shares of Fiserv during the 1st quarter worth approximately $2,471,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. TD Cowen decreased their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Susquehanna reiterated a “positive” rating and issued a $91.00 price target (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Citigroup reissued a “neutral” rating and set a $57.00 price target (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Finally, Mizuho reduced their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.23.

Fiserv Price Performance

NASDAQ:FISV opened at $50.63 on Friday. The stock has a market capitalization of $27.00 billion, a PE ratio of 8.58, a P/E/G ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $168.01. The firm has a fifty day simple moving average of $52.54 and a 200 day simple moving average of $58.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity 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 (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’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, research analysts expect that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.