Cannon Capital Management Inc. Purchases Shares of 16,112 Fiserv, Inc. $FISV

Cannon Capital Management Inc. acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,112 shares of the business services provider’s stock, valued at approximately $899,000. Fiserv comprises approximately 0.7% of Cannon Capital Management Inc.’s holdings, making the stock its 19th largest position.

A number of other large investors have also recently made changes to their positions in FISV. Vanguard Group Inc. bought a new stake in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Dodge & Cox acquired a new stake in shares of Fiserv in the 4th quarter worth about $3,323,210,000. State Street Corp bought a new position in Fiserv in the 4th quarter valued at about $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv during the 4th quarter valued at about $854,215,000. Finally, Amundi acquired a new position in Fiserv during the 4th quarter valued at about $825,819,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 2.1%

Shares of NASDAQ:FISV opened at $51.68 on Tuesday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $167.39. The company has a market capitalization of $27.56 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The business has a fifty day moving average price of $52.49 and a two-hundred day moving average price of $58.12. 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 released its 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. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.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. Analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Analysts Set New Price Targets

FISV has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Barclays initiated coverage on Fiserv in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 target price on the stock. Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. BMO Capital Markets increased their price target on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Finally, Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a research note on Friday, May 29th. Seven research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average price target of $77.23.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.