Daiwa Securities Group Inc. Acquires Shares of 96,650 Fiserv, Inc. $FISV

Daiwa Securities Group Inc. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 96,650 shares of the business services provider’s stock, valued at approximately $6,492,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FISV. Vanguard Group Inc. bought a new position in shares of Fiserv during the fourth quarter valued at $3,507,063,000. Geode Capital Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $854,215,000. Norges Bank bought a new position in shares of Fiserv during the fourth quarter valued at $555,964,000. Capital World Investors increased its holdings in shares of Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Fiserv during the fourth quarter valued at $250,877,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citigroup reduced their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Mizuho reduced their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Morgan Stanley raised their price target on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Finally, Cantor Fitzgerald reduced their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $82.23.

Fiserv Price Performance

NASDAQ FISV opened at $54.43 on Monday. Fiserv, Inc. has a one year low of $52.17 and a one year high of $177.36. The stock has a 50-day moving average of $57.49 and a 200 day moving average of $61.36. The company has a market capitalization of $29.02 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.52 and a beta of 0.80. 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 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 return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’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. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current 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.