Prudential PLC Buys Shares of 146,783 Fiserv, Inc. $FISV

Prudential PLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 146,783 shares of the business services provider’s stock, valued at approximately $9,859,000.

A number of other hedge funds also recently added to or reduced their stakes in FISV. Oakworth Capital Inc. purchased a new position in shares of Fiserv during the 4th quarter worth approximately $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $25,000. American National Bank & Trust purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $28,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FISV stock opened at $54.43 on Friday. The company’s fifty day simple moving average is $57.49 and its 200-day simple moving average is $61.37. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week 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 has a market cap of $29.02 billion, a PE ratio of 9.23, a P/E/G ratio of 1.57 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 EPS for the quarter, beating 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 business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The business’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. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Wall Street Analyst Weigh In

FISV has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Citigroup dropped their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Mizuho dropped 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. Wells Fargo & Company dropped their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.

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.