Forsta AP Fonden Invests $8.27 Million in Fiserv, Inc. $FISV

Forsta AP Fonden bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 123,100 shares of the business services provider’s stock, valued at approximately $8,269,000.

Other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $30,000. WFA of San Diego LLC acquired a new position in shares of Fiserv during the 2nd quarter worth about $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the 4th quarter valued at about $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Finally, American National Bank & Trust bought a new position in shares of Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $59.05 on Tuesday. The stock’s fifty day moving average price is $57.60 and its two-hundred day moving average price is $61.59. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.58 and a beta of 0.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a one year low of $52.17 and a one year high of $177.36.

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, beating analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’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. On average, equities analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup cut their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Susquehanna reiterated a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Loop Capital cut their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.80.

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.