Resona Asset Management Co. Ltd. Makes New Investment in Fiserv, Inc. $FISV

Resona Asset Management Co. Ltd. acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 169,002 shares of the business services provider’s stock, valued at approximately $11,355,000.

Several other hedge funds also recently made changes to their positions in FISV. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth $3,507,063,000. Capital World Investors lifted its stake in shares of Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Fiserv in the 4th quarter worth $223,136,000. Pittenger & Anderson Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth $193,349,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Fiserv in the fourth quarter valued at about $174,502,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the subject of several recent analyst reports. Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised their price objective on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Truist Financial reduced their price objective on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, Cantor Fitzgerald reduced their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $82.97.

Fiserv Stock Performance

Shares of FISV opened at $56.41 on Thursday. 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 stock has a market cap of $30.08 billion, a P/E ratio of 9.56, a PEG ratio of 1.57 and a beta of 0.84. The company has a 50-day moving average of $57.76 and a two-hundred day moving average of $62.01. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36.

Fiserv (NASDAQ:FISV) last announced 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. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s 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, research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Fiserv Company 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.