Fiserv, Inc. $FISV Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) by 61.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,528,568 shares of the business services provider’s stock after selling 4,092,854 shares during the period. JPMorgan Chase & Co.’s holdings in Fiserv were worth $326,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FISV. Norges Bank purchased a new position in Fiserv during the second quarter worth approximately $1,252,260,000. Marshall Wace LLP acquired a new position in shares of Fiserv during the 2nd quarter worth approximately $356,643,000. Worldquant Millennium Advisors LLC lifted its position in shares of Fiserv by 2,134.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after buying an additional 948,634 shares in the last quarter. Baupost Group LLC MA acquired a new stake in Fiserv in the 2nd quarter valued at $154,307,000. Finally, Amundi grew its stake in Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after acquiring an additional 807,916 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Down 2.3%

Shares of NASDAQ FISV opened at $61.53 on Friday. The stock has a market cap of $33.45 billion, a PE ratio of 9.71, a P/E/G ratio of 1.93 and a beta of 0.78. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a 12-month low of $57.79 and a 12-month high of $238.59. The company has a 50-day moving average of $65.40 and a 200 day moving average of $93.44.

Fiserv (NASDAQ:FISVGet Free Report) last released its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup restated a “neutral” rating and set a $68.00 price objective (down from $75.00) on shares of Fiserv in a research report on Wednesday, February 11th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. BNP Paribas Exane lifted their price objective on Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Finally, TD Cowen reiterated a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average price target of $110.16.

Read Our Latest Analysis on Fiserv

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Insider Buying and Selling

In related news, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction on Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

About Fiserv

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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