Pictet Asset Management Holding SA Cuts Position in Fiserv, Inc. $FISV

Pictet Asset Management Holding SA cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 36.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,691 shares of the business services provider’s stock after selling 171,156 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of Fiserv worth $16,779,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $25,000. American National Bank & Trust bought a new position in Fiserv during the fourth quarter valued at about $27,000. Kimelman & Baird LLC bought a new position in Fiserv during the fourth quarter valued at about $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in Fiserv during the fourth quarter worth about $27,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of several research reports. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a research report on Wednesday, March 11th. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. Robert W. Baird set a $78.00 price target on shares of Fiserv in a report on Wednesday, May 6th. Rothschild & Co Redburn dropped their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $82.23.

Fiserv Price Performance

FISV opened at $52.33 on Friday. The firm has a 50-day moving average price of $54.46 and a 200-day moving average price of $59.54. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $175.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.42 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts expect that Fiserv, Inc. will post 8.14 EPS for the current 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.