Fiserv, Inc. $FISV Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 641,811 shares of the business services provider’s stock after purchasing an additional 12,777 shares during the period. Principal Financial Group Inc.’s holdings in Fiserv were worth $35,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Dodge & Cox purchased a new stake in shares of Fiserv in the fourth quarter worth about $3,323,210,000. State Street Corp acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,588,663,000. Geode Capital Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $854,215,000. Finally, Amundi purchased a new stake in shares of Fiserv during the 4th quarter valued at about $825,819,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Rothschild & Co Redburn decreased their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Barclays assumed coverage on shares of Fiserv in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, BMO Capital Markets lifted their price target on shares of Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Seven analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.23.

Insider Buying and Selling

In related news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Fiserv Price Performance

FISV stock opened at $50.63 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $168.01. The stock’s 50 day moving average is $52.54 and its two-hundred day moving average is $58.30. The company has a market capitalization of $27.00 billion, a PE ratio of 8.58, a P/E/G ratio of 1.42 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.67 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%.Fiserv’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts predict that Fiserv, Inc. will post 8.13 earnings per share 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.