Palisade Asset Management LLC Invests $830,000 in Fiserv, Inc. $FISV

Palisade Asset Management LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,353 shares of the business services provider’s stock, valued at approximately $830,000.

Several other large investors also recently made changes to their positions in FISV. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the fourth quarter worth $3,507,063,000. Dodge & Cox purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $3,323,210,000. State Street Corp purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $1,588,663,000. Geode Capital Management LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $854,215,000. Finally, Morgan Stanley purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $798,104,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $53.78 on Monday. 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 fifty day simple moving average of $57.33 and a 200 day simple moving average of $61.10. The firm has a market cap of $28.68 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $51.78 and a 12-month high of $177.36.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. 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, equities research analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FISV. Truist Financial set a $58.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research note on Friday, May 29th. Loop Capital dropped their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Finally, TD Cowen reiterated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Nine 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 data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average 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.