LB Partners LLC Takes Position in Fiserv, Inc. $FISV

LB Partners LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 27,000 shares of the business services provider’s stock, valued at approximately $1,507,000. Fiserv makes up 1.4% of LB Partners LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also added to or reduced their stakes in FISV. Chicago Capital LLC bought a new position in Fiserv in the 4th quarter valued at about $1,316,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Fiserv during the 4th quarter worth approximately $4,127,000. KLP Kapitalforvaltning AS bought a new stake in shares of Fiserv during the 4th quarter worth approximately $14,907,000. Finally, Barclays PLC boosted its position in shares of Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

FISV stock opened at $50.73 on Thursday. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.37 and a beta of 0.82. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $54.68 and a 200 day simple moving average of $59.65. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $175.92.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’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. Research analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FISV. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Robert W. Baird set a $78.00 target price on Fiserv in a report on Wednesday, May 6th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Tigress Financial reissued a “buy” rating and set a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Finally, Wells Fargo & Company dropped their price objective on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.23.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.