25,548 Shares in Fiserv, Inc. $FISV Acquired by SouthState Bank Corp

SouthState Bank Corp purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,548 shares of the business services provider’s stock, valued at approximately $1,716,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $3,507,063,000. Geode Capital Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $854,215,000. Norges Bank purchased a new position in Fiserv in the 4th quarter worth approximately $555,964,000. Capital World Investors grew its stake in Fiserv by 35.2% in 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 buying an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Fiserv in the 4th quarter worth approximately $250,877,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of research reports. Tigress Financial reissued a “buy” rating and issued a $95.00 price target on shares of Fiserv in a research note on Wednesday, March 11th. The Goldman Sachs Group cut their price target on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Truist Financial set a $58.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. Morgan Stanley boosted their price target on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $82.23.

Fiserv Price Performance

Shares of Fiserv stock opened at $54.43 on Monday. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. The company has a fifty day moving average of $57.49 and a 200-day moving average of $61.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.73 billion. The business’s revenue for the quarter 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 8.14 EPS for the current 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.