Platform Wealth Management LLC Buys Shares of 60,987 Fiserv, Inc. $FISV

Platform Wealth Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,987 shares of the business services provider’s stock, valued at approximately $4,096,000. Fiserv comprises 1.1% of Platform Wealth Management LLC’s portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonebridge Capital Advisors LLC grew its position in Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 98 shares during the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the last quarter. Cornerstone Planning Group LLC grew its position in Fiserv by 50.3% in the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 158 shares during the last quarter. ROI Financial Advisors LLC grew its position in Fiserv by 10.3% in the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 175 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Fiserv by 3.5% in the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock valued at $667,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $55.08 on Thursday. The stock has a market cap of $29.37 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.58 and a beta of 0.79. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock’s 50-day moving average is $57.54 and its 200-day moving average is $61.47. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analysts Set New Price Targets

FISV has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. B. Riley Financial reduced their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Truist Financial set a $58.00 price target on Fiserv and gave the stock a “hold” rating in a report on Friday, May 29th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Finally, Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Nine investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $82.80.

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.