Swiss National Bank Buys 88,900 Shares of Fiserv, Inc. $FISV

Swiss National Bank grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,578,486 shares of the business services provider’s stock after buying an additional 88,900 shares during the quarter. Swiss National Bank’s holdings in Fiserv were worth $88,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new stake in Fiserv during the fourth quarter worth about $25,000. Private Wealth Asset Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $25,000. American National Bank & Trust bought a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 2.1%

Shares of NASDAQ FISV opened at $51.68 on Tuesday. The firm has a fifty day simple moving average of $52.49 and a two-hundred day simple moving average of $58.12. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $167.39. 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 firm has a market capitalization of $27.56 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its earnings results 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. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.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. Equities analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Analysts Set New Price Targets

FISV has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Susquehanna reiterated a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research report on Friday, June 5th. Finally, Rothschild & Co Redburn reduced their price objective on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.23.

Insider Buying and Selling

In other news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

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.