46,252 Shares in Fiserv, Inc. $FISV Bought by Saranac Partners Ltd

Saranac Partners Ltd purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,252 shares of the business services provider’s stock, valued at approximately $3,107,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Capital LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $1,316,000. AGF Management Ltd. boosted its position in Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after purchasing an additional 69,383 shares during the period. National Pension Service increased its holdings in Fiserv by 2.6% in the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after purchasing an additional 30,951 shares in the last quarter. Machina Capital S.A.S. increased its holdings in Fiserv by 256.8% in the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after purchasing an additional 33,949 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Fiserv by 4.2% in the third quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock valued at $121,557,000 after purchasing an additional 38,167 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $56.03 on Wednesday. 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 capitalization of $29.88 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.84. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The business has a 50 day simple moving average of $57.86 and a 200-day simple moving average of $62.07.

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, topping the consensus estimate of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’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 expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FISV shares. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Citigroup dropped their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Susquehanna reissued a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Compass Point decreased their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, B. Riley Financial dropped their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $82.97.

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.