60,987 Shares in Fiserv, Inc. $FISV Acquired by Platform Wealth Management LLC

Platform Wealth Management LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 60,987 shares of the business services provider’s stock, valued at approximately $4,096,000. Fiserv comprises 1.1% of Platform Wealth Management LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC lifted its stake in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after acquiring an additional 98 shares during the period. Bison Wealth LLC lifted its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the period. Cornerstone Planning Group LLC lifted its stake in Fiserv by 50.3% in the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after buying an additional 158 shares during the period. ROI Financial Advisors LLC lifted its stake in Fiserv by 10.3% in the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock valued at $241,000 after buying an additional 175 shares during the period. Finally, WASHINGTON TRUST Co lifted its stake in Fiserv by 3.5% in the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock valued at $667,000 after buying an additional 175 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FISV. TD Cowen reissued a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Morgan Stanley boosted their price target on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Rothschild & Co Redburn dropped their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. BNP Paribas Exane dropped their price target on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, UBS Group set a $65.00 price target on Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $82.80.

Fiserv Trading Down 2.4%

NASDAQ FISV opened at $55.08 on Thursday. The company has a market cap of $29.37 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.58 and a beta of 0.79. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The business has a 50 day moving average price of $57.54 and a 200-day moving average price of $61.47. 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 (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. The firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

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.