Fiserv, Inc. $FISV Stock: Pictet Asset Management Holding SA Grows Holdings

Pictet Asset Management Holding SA boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 504,877 shares of the business services provider’s stock after acquiring an additional 112,405 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.09% of Fiserv worth $22,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth $2,079,711,000. JANA Partners Management LP lifted its stake in shares of Fiserv by 97.5% in the 1st quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock valued at $247,507,000 after purchasing an additional 2,190,085 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Fiserv in the 2nd quarter valued at $178,310,000. Legal & General Group Plc bought a new stake in Fiserv in the second quarter worth $161,557,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in Fiserv by 968.1% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock worth $147,517,000 after purchasing an additional 2,396,167 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of Fiserv stock opened at $63.90 on Thursday. The firm has a fifty day simple moving average of $49.99 and a 200-day simple moving average of $54.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $70.41. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of -8.61, a PEG ratio of 5.63 and a beta of 0.85.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.03. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.85 billion. Fiserv’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 7.28 earnings per share for the current year.

Latest Fiserv News

Here’s some of the latest news about FISV:

• Positive Sentiment: Clover adds AI-powered eCommerce features: Fiserv launched tools intended to help small businesses build an online presence and get discovered through traditional search and AI shopping experiences. The expansion could help Clover serve merchants across both in-store and online commerce. Article: Fiserv’s Clover Adds AI Tools to Help Small Businesses Reach eCommerce Shoppers
• Positive Sentiment: Analysts lifted price targets: Citigroup raised its target from $62 to $67 while keeping a neutral rating; Bernstein raised its target from $60 to $70 and maintained a market-perform rating. Truist also increased its target, from $51 to $65, but kept a hold rating. The revisions suggest improved price expectations, though analysts remain cautious rather than strongly bullish. Fiserv Stock Price Targets
• Neutral Sentiment: Valuation commentary is favorable but not a new company development: A Yahoo Finance article argues Fiserv appears undervalued based on its excess returns. This may support investor interest, but it is an outside analysis rather than a change to the company’s outlook. Article: Fiserv Stock Looks Undervalued With Strong Excess Returns

Analyst Upgrades and Downgrades

Several research firms have commented on FISV. JPMorgan Chase & Co. increased their target price on shares of Fiserv from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. TD Cowen raised their target price on Fiserv from $49.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th. Barclays upped their price target on Fiserv from $50.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Fiserv from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Six investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.64.

Fiserv Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.