Pictet Asset Management Holding SA Lowers Position in Fiserv, Inc. $FISV

Pictet Asset Management Holding SA decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 36.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 300,691 shares of the business services provider’s stock after selling 171,156 shares during the period. Pictet Asset Management Holding SA’s holdings in Fiserv were worth $16,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC raised its holdings in shares of Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 98 shares in the last quarter. Bison Wealth LLC increased its position in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after purchasing an additional 198 shares during the last quarter. Cambient Family Office LLC raised its stake in Fiserv by 1.7% in the first quarter. Cambient Family Office LLC now owns 17,096 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 291 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in Fiserv during the second quarter valued at approximately $55,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Fiserv Trading Up 3.2%

FISV stock opened at $52.33 on Friday. The company has a market capitalization of $27.91 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. 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, Inc. has a one year low of $47.04 and a one year high of $175.92. The company’s 50 day moving average price is $54.46 and its two-hundred day moving average price is $59.54.

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 $4.67 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. As a group, analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rothschild & Co Redburn cut their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Tigress Financial reissued a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 11th. Finally, Cantor Fitzgerald lowered their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.

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.