Legal & General Group Plc Purchases Shares of 3,734,956 Fiserv, Inc. $FISV

Legal & General Group Plc purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,734,956 shares of the business services provider’s stock, valued at approximately $250,877,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Oakworth Capital Inc. bought a new stake in Fiserv in the fourth quarter valued at $25,000. American National Bank & Trust bought a new stake in Fiserv in the fourth quarter valued at $27,000. Kimelman & Baird LLC bought a new stake in Fiserv in the fourth quarter valued at $27,000. Mendota Financial Group LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $28,000. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $29,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FISV shares. B. Riley Financial reduced their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Cantor Fitzgerald reduced their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.97.

Fiserv Stock Down 2.7%

Fiserv stock opened at $55.61 on Wednesday. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The stock has a market cap of $29.65 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. The firm’s 50-day simple moving average is $57.66 and its 200 day simple moving average is $61.77. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations 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. Research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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.