PNC Financial Services Group Inc. Invests $10.98 Million in Fiserv, Inc. $FISV

PNC Financial Services Group Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, Holdings Channel reports. The fund purchased 163,386 shares of the business services provider’s stock, valued at approximately $10,975,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at $30,000. Westfuller Advisors LLC bought a new position in shares of Fiserv during the 3rd quarter valued at $36,000. WFA of San Diego LLC bought a new position in shares of Fiserv during the 2nd quarter valued at $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the 4th quarter valued at $25,000. Finally, Kimelman & Baird LLC bought a new position in shares of Fiserv during the 4th quarter valued at $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $57.13 on Friday. The firm has a market cap of $30.46 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $57.66 and its two-hundred day simple moving average is $61.90.

Fiserv (NASDAQ:FISV) last posted its 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 firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FISV shares. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. BNP Paribas Exane reduced their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Susquehanna reaffirmed a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Finally, Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the company an “outperform” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus target price of $82.97.

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.