SEB Asset Management AB Buys New Position in Fiserv, Inc. $FISV

SEB Asset Management AB bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 1st quarter, Holdings Channel reports. The fund bought 111,284 shares of the business services provider’s stock, valued at approximately $6,210,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC increased its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Fiserv by 21.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Fiserv during the second quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is owned by insiders.

Fiserv Trading Down 2.1%

NASDAQ:FISV opened at $50.61 on Wednesday. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $167.39. 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 firm’s 50 day moving average is $52.40 and its 200 day moving average is $58.01. The stock has a market capitalization of $26.99 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. The firm’s quarterly 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. Sell-side analysts expect that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FISV shares. Barclays assumed coverage on Fiserv in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $58.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Royal Bank Of Canada set a $75.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Mizuho reduced their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Loop Capital cut their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.23.

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.