Legal & General Group Plc Increases Position in Fiserv, Inc. $FISV

Legal & General Group Plc boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,638,031 shares of the business services provider’s stock after purchasing an additional 131,935 shares during the period. Legal & General Group Plc’s holdings in Fiserv were worth $469,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Fiserv in the second quarter valued at approximately $1,252,260,000. Marshall Wace LLP acquired a new stake in Fiserv during the second quarter worth approximately $356,643,000. Barclays PLC grew its stake in Fiserv by 116.0% in the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after acquiring an additional 948,634 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new position in Fiserv in the 2nd quarter valued at $154,307,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Northcoast Research cut Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Cantor Fitzgerald upgraded Fiserv to a “hold” rating in a research report on Tuesday, January 27th. Compass Point decreased their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Truist Financial dropped their price target on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Finally, Susquehanna reiterated a “positive” rating and issued a $99.00 price target (down from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.74.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $59.45 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $63.72 and a two-hundred day moving average price of $86.06. The firm has a market cap of $31.79 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $227.00.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm earned $2.51 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.