Heritage Trust Co Takes Position in Fiserv, Inc. $FISV

Heritage Trust Co bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel reports. The fund bought 9,245 shares of the business services provider’s stock, valued at approximately $621,000.

A number of other hedge funds have also bought and sold shares of FISV. Vanguard Group Inc. acquired a new position in Fiserv in the fourth quarter worth about $3,507,063,000. Geode Capital Management LLC acquired a new position in Fiserv in the fourth quarter worth about $854,215,000. Norges Bank acquired a new position in Fiserv in the fourth quarter worth about $555,964,000. Capital World Investors grew its stake 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 worth $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Fiserv in the fourth quarter worth about $250,877,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $56.46 on Wednesday. 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 firm’s 50-day moving average price is $57.60 and its two-hundred day moving average price is $61.59. 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 $30.11 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.65 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on FISV. BNP Paribas Exane decreased their price target on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Citigroup decreased their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Stephens decreased their price target 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. The Goldman Sachs Group decreased their price target on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, B. Riley Financial decreased their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.80.

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.