Sei Investments Co. Purchases 271,622 Shares of Fiserv, Inc. $FISV

Sei Investments Co. lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 58.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 740,056 shares of the business services provider’s stock after purchasing an additional 271,622 shares during the period. Sei Investments Co. owned about 0.14% of Fiserv worth $41,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. State of Wyoming lifted its holdings in shares of Fiserv by 18.3% during the first quarter. State of Wyoming now owns 4,583 shares of the business services provider’s stock worth $256,000 after purchasing an additional 709 shares during the period. Cetera Investment Advisers grew its stake in shares of Fiserv by 89.4% in the first quarter. Cetera Investment Advisers now owns 165,723 shares of the business services provider’s stock worth $9,247,000 after purchasing an additional 78,219 shares during the last quarter. Fairbanks Capital Management Inc. increased its holdings in Fiserv by 4.1% in the first quarter. Fairbanks Capital Management Inc. now owns 29,414 shares of the business services provider’s stock valued at $1,641,000 after purchasing an additional 1,158 shares during the period. First Trust Advisors LP increased its holdings in Fiserv by 95.2% in the first quarter. First Trust Advisors LP now owns 195,202 shares of the business services provider’s stock valued at $10,892,000 after purchasing an additional 95,208 shares during the period. Finally, Triad Investment Management bought a new position in Fiserv during the 1st quarter worth $2,902,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $53.00 target price (down from $62.00) on shares of Fiserv in a report on Wednesday. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Citigroup reaffirmed a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a report on Friday, June 5th. Finally, Morgan Stanley increased their target price on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Six 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.57.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction 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 completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $51.02 on Monday. The business has a 50-day moving average price of $52.21 and a two-hundred day moving average price of $57.67. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $144.05. 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 $27.21 billion, a P/E ratio of 8.65, a PEG ratio of 1.43 and a beta of 0.82.

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 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 the consensus estimate of $4.73 billion. The firm’s quarterly 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. As a group, analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.

Fiserv 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.