Sierra Legacy Group Invests $603,000 in Fiserv, Inc. $FISV

Sierra Legacy Group acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,975 shares of the business services provider’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its position in Fiserv by 35.2% during the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Legal & General Group Plc increased its position in shares of Fiserv by 3.8% in the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock valued at $469,051,000 after buying an additional 131,935 shares in the last quarter. Barclays PLC increased its position in shares of Fiserv by 116.0% in the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock valued at $454,982,000 after buying an additional 1,895,349 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fiserv by 24.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after buying an additional 607,213 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Fiserv by 3.9% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after buying an additional 109,427 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. Citigroup restated a “neutral” rating and set a $68.00 target price (down from $75.00) on shares of Fiserv in a research report on Wednesday, February 11th. Mizuho reduced their price target on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Truist Financial lowered their price target on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Finally, BNP Paribas Exane raised their price objective on shares of Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.13.

Fiserv Stock Performance

Fiserv stock opened at $56.16 on Friday. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. Fiserv, Inc. has a 12 month low of $52.91 and a 12 month high of $222.62. 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 stock’s 50-day moving average is $59.83 and its 200-day moving average is $76.40.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.