Kentucky Retirement Systems Buys Shares of 33,963 Fiserv, Inc. $FISV

Kentucky Retirement Systems bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,963 shares of the business services provider’s stock, valued at approximately $2,281,000.

Other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in Fiserv during the 3rd quarter valued at about $30,000. WFA of San Diego LLC purchased a new position in Fiserv during the 2nd quarter valued at about $55,000. Oakworth Capital Inc. purchased a new position in Fiserv during the 4th quarter valued at about $25,000. Kimelman & Baird LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Finally, American National Bank & Trust purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FISV. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Susquehanna reaffirmed a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. BMO Capital Markets lifted their price objective on shares of Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. BNP Paribas Exane cut their price objective on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Finally, B. Riley Financial cut their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.80.

Fiserv Price Performance

NASDAQ:FISV opened at $56.56 on Monday. The company has a market cap of $30.16 billion, a PE ratio of 9.59, a P/E/G ratio of 1.58 and a beta of 0.80. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. 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’s 50 day moving average is $57.56 and its two-hundred day moving average is $61.62.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts anticipate that Fiserv, Inc. will post 8.14 EPS 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.