USS Investment Management Ltd Buys Shares of 95,830 Fiserv, Inc. $FISV

USS Investment Management Ltd bought a new stake in Fiserv, Inc. (NASDAQ:FISVFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 95,830 shares of the business services provider’s stock, valued at approximately $6,437,000.

A number of other institutional investors also recently made changes to their positions in FISV. Brighton Jones LLC raised its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its stake in Fiserv by 5.3% during 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 in the last quarter. Schnieders Capital Management LLC. boosted its stake in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares in the last quarter. Jump Financial LLC bought a new position in Fiserv during the second quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL boosted its stake in Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

More Fiserv News

Here are the key news stories impacting Fiserv this week:

Fiserv Trading Down 10.9%

NASDAQ:FISV opened at $47.91 on Tuesday. 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 1-year low of $47.37 and a 1-year high of $177.36. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The stock has a fifty day simple moving average of $57.16 and a 200 day simple moving average of $61.01.

Fiserv (NASDAQ:FISVGet Free Report) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion for 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FISV. Citigroup decreased their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. UBS Group set a $65.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Friday, June 5th. Finally, The Goldman Sachs Group decreased their target price on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.23.

Check Out Our Latest Research Report on FISV

About Fiserv

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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