Royal Bank of Canada Reduces Holdings in Fiserv, Inc. $FISV

Royal Bank of Canada trimmed its stake in Fiserv, Inc. (NASDAQ:FISV) by 41.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,063,922 shares of the business services provider’s stock after selling 750,963 shares during the quarter. Royal Bank of Canada’s holdings in Fiserv were worth $59,368,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the 4th quarter valued at about $25,000. Private Wealth Asset Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust acquired a new position in Fiserv during the 4th quarter worth approximately $27,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Finally, Goodman Advisory Group LLC acquired a new position in Fiserv in the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade 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 can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Fiserv Trading Down 0.2%

Shares of FISV opened at $53.94 on Friday. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $141.38. The business’s 50-day moving average price is $51.97 and its 200 day moving average price is $57.22. 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 stock has a market capitalization of $28.76 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.51 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.73 billion. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial reduced their target price on Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Robert W. Baird set a $78.00 price objective on Fiserv in a report on Wednesday, May 6th. Finally, Barclays began coverage on shares of Fiserv in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $58.00 target price for the company. Six research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.57.

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.