Redmond Asset Management LLC Makes New $2.66 Million Investment in Fiserv, Inc. $FISV

Redmond Asset Management LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,570 shares of the business services provider’s stock, valued at approximately $2,658,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the third quarter worth about $30,000. WFA of San Diego LLC acquired a new position in shares of Fiserv in the second quarter worth about $55,000. Oakworth Capital Inc. acquired a new position in shares of Fiserv in the fourth quarter worth about $25,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the fourth quarter worth about $27,000. Finally, American National Bank & Trust acquired a new position in shares of Fiserv in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.0%

NASDAQ:FISV opened at $55.62 on Thursday. 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 business’s 50 day moving average is $57.62 and its two-hundred day moving average is $61.72. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The company has a market cap of $29.66 billion, a PE ratio of 9.43, a P/E/G ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.73 billion. The company’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. On average, analysts predict that Fiserv, Inc. will post 8.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FISV. Morgan Stanley cut their price target on Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. UBS Group set a $65.00 price target on Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Northcoast Research cut Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. 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-six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average price target of $82.97.

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.