TD Asset Management Inc Purchases Shares of 277,436 Fiserv, Inc. $FISV

TD Asset Management Inc purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 277,436 shares of the business services provider’s stock, valued at approximately $18,635,000. TD Asset Management Inc owned about 0.05% of Fiserv as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the third quarter valued at about $30,000. WFA of San Diego LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $25,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $54.43 on Monday. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36. The company’s 50 day moving average is $57.49 and its 200 day moving average is $61.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market cap of $29.02 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 for the quarter, compared to the consensus estimate of $4.73 billion. The company’s revenue for the quarter 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, sell-side analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on FISV shares. Truist Financial set a $58.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Rothschild & Co Redburn decreased their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. The Goldman Sachs Group decreased their price objective on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Compass Point decreased their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $82.23.

Fiserv Company 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.