Pittenger & Anderson Inc. Acquires New Stake in Fiserv, Inc. $FISV

Pittenger & Anderson Inc. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,878,499 shares of the business services provider’s stock, valued at approximately $193,349,000. Fiserv accounts for 7.4% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in Fiserv in the fourth quarter valued at $3,507,063,000. Capital World Investors grew its holdings in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the period. Legal & General Group Plc grew its holdings in Fiserv by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after acquiring an additional 131,935 shares during the period. Barclays PLC grew its holdings in 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Fiserv by 24.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after acquiring an additional 607,213 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV opened at $62.14 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day moving average of $59.26 and a 200-day moving average of $67.39. The company has a market cap of $33.18 billion, a PE ratio of 9.80, a P/E/G ratio of 1.93 and a beta of 0.84. Fiserv, Inc. has a one year low of $52.91 and a one year high of $191.91.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 8.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Morgan Stanley decreased their price target on Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price target on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $70.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $92.41.

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.