Summitry LLC Makes New Investment in Fiserv, Inc. $FISV

Summitry LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 776,201 shares of the business services provider’s stock, valued at approximately $52,137,000. Fiserv makes up approximately 2.2% of Summitry LLC’s investment portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. Chicago Capital LLC acquired a new position in Fiserv during the 4th quarter worth $1,316,000. AGF Management Ltd. lifted its holdings in Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after buying an additional 69,383 shares in the last quarter. National Pension Service lifted its holdings in Fiserv by 2.6% during the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock worth $157,001,000 after buying an additional 30,951 shares in the last quarter. Machina Capital S.A.S. lifted its holdings in Fiserv by 256.8% during the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock worth $6,082,000 after buying an additional 33,949 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Fiserv by 4.2% during the 3rd quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock worth $121,557,000 after buying an additional 38,167 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the subject of several recent research reports. Cantor Fitzgerald dropped their target price on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Truist Financial dropped their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Friday, April 24th. B. Riley Financial dropped their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.97.

Fiserv Price Performance

FISV opened at $57.13 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The company has a fifty day simple moving average of $57.68 and a 200 day simple moving average of $61.82. The stock has a market cap of $30.46 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.60 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations 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, research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

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.