Fiserv, Inc. $FISV Shares Purchased by Resources Management Corp CT ADV

Resources Management Corp CT ADV grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 1,313.8% during the first quarter, HoldingsChannel reports. The firm owned 61,103 shares of the business services provider’s stock after buying an additional 56,781 shares during the period. Resources Management Corp CT ADV’s holdings in Fiserv were worth $3,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Redwood Grove Capital LLC boosted its holdings in Fiserv by 35.7% in the 1st quarter. Redwood Grove Capital LLC now owns 257,632 shares of the business services provider’s stock worth $14,376,000 after acquiring an additional 67,800 shares during the period. Eley Financial Management Inc raised its stake in shares of Fiserv by 6.3% during the first quarter. Eley Financial Management Inc now owns 35,233 shares of the business services provider’s stock valued at $1,966,000 after purchasing an additional 2,100 shares during the period. Empowered Funds LLC lifted its position in shares of Fiserv by 28.9% during the first quarter. Empowered Funds LLC now owns 31,767 shares of the business services provider’s stock worth $1,773,000 after purchasing an additional 7,119 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Fiserv by 35.9% in the first quarter. The Manufacturers Life Insurance Company now owns 515,643 shares of the business services provider’s stock valued at $28,773,000 after purchasing an additional 136,293 shares during the period. Finally, Whitebox Advisors LLC increased its stake in Fiserv by 22.2% during the 1st quarter. Whitebox Advisors LLC now owns 18,702 shares of the business services provider’s stock worth $1,044,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $54.21 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $142.83. The business has a 50 day simple moving average of $52.08 and a 200-day simple moving average of $57.45.

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, topping the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.67 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%.The firm’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. As a group, equities research analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Analyst Ratings Changes

FISV has been the subject of several recent analyst reports. Mizuho lowered their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. TD Cowen dropped their price objective on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $60.00 target price (down from $70.00) on shares of Fiserv in a research report on Thursday, July 9th. Finally, Loop Capital decreased their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $76.57.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Fiserv 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.