Puzo Michael J Has $2.45 Million Stock Holdings in Fiserv, Inc. $FISV

Puzo Michael J decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 28.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,973 shares of the business services provider’s stock after selling 17,115 shares during the period. Puzo Michael J’s holdings in Fiserv were worth $2,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in Fiserv in the 1st quarter worth about $120,000. Ridgepath Capital Management LLC grew its position in shares of Fiserv by 10.5% during the 1st quarter. Ridgepath Capital Management LLC now owns 7,994 shares of the business services provider’s stock worth $446,000 after purchasing an additional 761 shares in the last quarter. Cannon Capital Management Inc. acquired a new position in shares of Fiserv during the 1st quarter worth approximately $899,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Fiserv by 58.8% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,535 shares of the business services provider’s stock worth $532,000 after purchasing an additional 3,532 shares during the period. Finally, SEB Asset Management AB bought a new position in shares of Fiserv during the first quarter worth approximately $6,210,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research note on Friday, June 5th. BMO Capital Markets raised their price objective on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. Mizuho dropped their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.23.

Fiserv Stock Performance

Shares of Fiserv stock opened at $51.68 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market cap 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 company has a 50 day moving average of $52.49 and a 200-day moving average of $58.12. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $167.39.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv’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. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer directly 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

About Fiserv

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.