Corient Private Wealth LLC Purchases New Stake in Fiserv, Inc. $FISV

Corient Private Wealth LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 210,725 shares of the business services provider’s stock, valued at approximately $14,157,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC grew its position in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. Schnieders Capital Management LLC. grew its position in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares during the period. Jump Financial LLC purchased a new position in Fiserv in the second quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL increased its holdings in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.3%

Shares of NASDAQ FISV opened at $47.30 on Wednesday. The firm’s 50-day moving average is $56.20 and its two-hundred day moving average is $60.40. The company has a market capitalization of $25.22 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.32 and a beta of 0.79. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $177.36. 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 issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 $4.67 billion during 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. Equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FISV. Robert W. Baird set a $78.00 price target on Fiserv in a research note on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Loop Capital decreased their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, Keefe, Bruyette & Woods lowered their target price on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.23.

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.