Summitry LLC Purchases New Holdings in Fiserv, Inc. $FISV

Summitry LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 776,201 shares of the business services provider’s stock, valued at approximately $52,137,000. Fiserv accounts for approximately 2.2% of Summitry LLC’s portfolio, making the stock its 18th largest holding. Summitry LLC owned approximately 0.14% of Fiserv at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new position in Fiserv during the fourth quarter valued at 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. Mendota Financial Group LLC bought a new position in Fiserv during the fourth quarter valued at about $28,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $29,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of FISV opened at $57.13 on Tuesday. The company has a market capitalization of $30.46 billion, a P/E ratio of 9.68, a PEG ratio of 1.60 and a beta of 0.84. 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. The business’s 50 day simple moving average is $57.68 and its 200-day simple moving average is $61.82.

Fiserv (NASDAQ:FISV) last announced its earnings results 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. The business had revenue of $4.68 billion for 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% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FISV. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Citigroup decreased 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. Morgan Stanley decreased their price objective on Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Finally, BMO Capital Markets lifted their price objective on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Nine equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.97.

Fiserv 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.