Resona Asset Management Co. Ltd. Invests $11.36 Million in Fiserv, Inc. $FISV

Resona Asset Management Co. Ltd. purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel reports. The fund purchased 169,002 shares of the business services provider’s stock, valued at approximately $11,355,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Mendota Financial Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $28,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $29,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

FISV opened at $56.41 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The company has a 50 day moving average of $57.76 and a two-hundred day moving average of $62.01. The company has a market cap of $30.08 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.57 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released 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 net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FISV shares. Cantor Fitzgerald lowered their price target on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Compass Point lowered their target price on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Jefferies Financial Group boosted their target price on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. UBS Group set a $65.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Citigroup cut their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.