Tobam Buys Shares of 62,443 Fiserv, Inc. $FISV

Tobam purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 62,443 shares of the business services provider’s stock, valued at approximately $4,194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in Fiserv during the third quarter worth about $30,000. WFA of San Diego LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $25,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of a number of recent analyst reports. Loop Capital decreased their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Robert W. Baird set a $78.00 price target on Fiserv in a research note on Wednesday, May 6th. Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Finally, Susquehanna reissued a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus price target of $82.23.

Fiserv Price Performance

Fiserv stock opened at $47.86 on Friday. Fiserv, Inc. has a fifty-two week low of $47.37 and a fifty-two week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $56.56 and a 200 day moving average price of $60.66. The company has a market capitalization of $25.52 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Insider Activity

In other news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.