Swedbank AB Invests $76.72 Million in Fiserv, Inc. $FISV

Swedbank AB bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,142,192 shares of the business services provider’s stock, valued at approximately $76,721,000.

Other hedge funds also recently modified their holdings of the company. Chicago Capital LLC acquired a new stake in Fiserv in the 4th quarter worth about $1,316,000. AGF Management Ltd. raised its stake in Fiserv by 55.4% in the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after purchasing an additional 69,383 shares in the last quarter. National Pension Service raised its stake in Fiserv by 2.6% in the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock worth $157,001,000 after purchasing an additional 30,951 shares in the last quarter. Machina Capital S.A.S. raised its stake in Fiserv by 256.8% in the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock worth $6,082,000 after purchasing an additional 33,949 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Fiserv by 4.2% in the 3rd quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock worth $121,557,000 after purchasing an additional 38,167 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FISV. Rothschild & Co Redburn dropped their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. BNP Paribas Exane dropped their price objective on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Morgan Stanley dropped their price objective on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.97.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $57.13 on Friday. The firm has a 50 day moving average of $57.66 and a 200-day moving average of $61.90. The stock has a market capitalization of $30.46 billion, a PE ratio of 9.68, a PEG ratio of 1.60 and a beta of 0.84. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate 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 firm’s 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. On average, equities research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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.