Kentucky Retirement Systems Insurance Trust Fund Purchases New Position in Fiserv, Inc. $FISV

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,236 shares of the business services provider’s stock, valued at approximately $956,000.

Several other large investors have also recently added to or reduced their stakes in FISV. Brighton Jones LLC increased its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its position in Fiserv by 5.3% in the 4th 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 last quarter. Schnieders Capital Management LLC. boosted its position in Fiserv by 21.0% in the 2nd 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 during the last quarter. Jump Financial LLC purchased a new position in Fiserv in the 2nd quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL boosted its position in Fiserv by 7.2% in the 2nd 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 during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV stock opened at $56.56 on Monday. 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 $52.17 and a one year high of $177.36. The company’s 50-day simple moving average is $57.56 and its 200-day simple moving average is $61.62. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.58 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 EPS 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 business had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The business’s 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. Equities analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. 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. TD Cowen reissued a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.80.

Fiserv 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.