Robertson Stephens Wealth Management LLC Buys New Position in Fiserv, Inc. $FISV

Robertson Stephens Wealth Management LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,640 shares of the business services provider’s stock, valued at approximately $916,000.

Several other hedge funds also recently modified their holdings of the stock. True Wealth Design LLC boosted its position in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in Fiserv in the third quarter worth $30,000. Westfuller Advisors LLC purchased a new position in Fiserv in the third quarter worth $36,000. WFA of San Diego LLC purchased a new position in Fiserv in the second quarter worth $55,000. Finally, Davis Capital Management purchased a new position in Fiserv in the third quarter worth $43,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $62.14 on Monday. Fiserv, Inc. has a one year low of $52.91 and a one year high of $191.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $59.26 and its 200-day moving average price is $67.00. The stock has a market capitalization of $33.18 billion, a PE ratio of 9.80, a P/E/G ratio of 1.93 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating 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 firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The business’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. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FISV shares. TD Cowen reissued a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Citigroup cut their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Compass Point cut their price objective on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price objective on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company cut their price objective on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Eight analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.41.

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.