Vanguard Group Inc. Trims Stock Position in Fiserv, Inc. $FISV

Vanguard Group Inc. trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 48,513,616 shares of the business services provider’s stock after selling 1,434,753 shares during the period. Vanguard Group Inc. owned approximately 9.02% of Fiserv worth $6,254,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth about $28,000. True Wealth Design LLC boosted its stake in Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares during the period. Clear Street LLC purchased a new position in Fiserv during the second quarter worth about $34,000. Westfuller Advisors LLC acquired a new stake in shares of Fiserv during the third quarter valued at about $36,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FISV. Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down previously from $75.00) on shares of Fiserv in a report on Wednesday, February 11th. KeyCorp cut Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. UBS Group decreased their target price on Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Northcoast Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and cut their price target for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.97.

Insider Activity

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.9%

Shares of Fiserv stock opened at $59.36 on Tuesday. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 3.39 and a beta of 0.78. Fiserv, Inc. has a twelve month low of $57.79 and a twelve month high of $238.59. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The business’s 50 day simple moving average is $65.66 and its 200-day simple moving average is $94.39.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current 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.