Fiserv, Inc. $FISV Stock Position Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 37.3% during the first quarter, Holdings Channel.com reports. The firm owned 21,296 shares of the business services provider’s stock after selling 12,667 shares during the quarter. Kentucky Retirement Systems’ holdings in Fiserv were worth $1,258,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WFA of San Diego LLC bought a new position in Fiserv in the 2nd quarter valued at about $55,000. Oakworth Capital Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on FISV shares. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research note on Friday, June 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 price target (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Loop Capital dropped their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus target price of $76.57.

Fiserv Stock Down 0.2%

NASDAQ FISV opened at $53.94 on Friday. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $141.38. The company has a market capitalization of $28.76 billion, a P/E ratio of 9.14, a PEG ratio of 1.52 and a beta of 0.82. The company’s 50 day simple moving average is $51.97 and its 200 day simple moving average is $57.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

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, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s 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 research analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.