The Manufacturers Life Insurance Company Increases Stock Holdings in Fiserv, Inc. $FISV

The Manufacturers Life Insurance Company raised its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 35.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 515,643 shares of the business services provider’s stock after purchasing an additional 136,293 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fiserv were worth $28,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the fourth quarter worth approximately $25,000. Private Wealth Asset Management LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $25,000. American National Bank & Trust purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Kimelman & Baird LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Finally, Goodman Advisory Group LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Mizuho reduced their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. TD Cowen decreased their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Citigroup reiterated a “neutral” rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Finally, Barclays assumed coverage on Fiserv in a report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $76.57.

Insider Transactions at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

FISV opened at $53.94 on Friday. The firm has a market cap of $28.76 billion, a P/E ratio of 9.14, a PEG ratio of 1.52 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $141.38. The company has a 50 day simple moving average of $51.97 and a two-hundred day simple moving average of $57.22. 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 (NASDAQ:FISV) last announced its quarterly earnings data 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 firm had revenue of $4.67 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%. Fiserv’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 forecast that Fiserv, Inc. will post 8.13 earnings per share 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.