Principal Financial Group Inc. Purchases New Position in Fiserv, Inc. $FISV

Principal Financial Group Inc. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel reports. The fund purchased 629,034 shares of the business services provider’s stock, valued at approximately $42,252,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. QRG Capital Management Inc. purchased a new stake in Fiserv in the fourth quarter worth approximately $1,260,000. Vista Capital Partners Inc. purchased a new stake in Fiserv in the fourth quarter worth approximately $269,000. Headinvest LLC purchased a new stake in Fiserv in the fourth quarter worth approximately $3,694,000. Varma Mutual Pension Insurance Co purchased a new stake in Fiserv in the fourth quarter worth approximately $14,518,000. Finally, Truist Financial Corp purchased a new stake in Fiserv in the fourth quarter worth approximately $2,735,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 2.3%

FISV opened at $55.48 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 1-year low of $52.91 and a 1-year high of $191.91. The company has a market capitalization of $29.58 billion, a PE ratio of 9.40, a PEG ratio of 1.76 and a beta of 0.84. The firm’s 50 day simple moving average is $59.09 and its two-hundred day simple moving average is $65.65.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share 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 the consensus estimate of $4.73 billion. The firm’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. As a group, equities analysts forecast that Fiserv, Inc. will post 8.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Zacks Research upgraded shares of Fiserv from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Morgan Stanley dropped their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.48.

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.