Vestcor Inc Purchases New Position in Fiserv, Inc. $FISV

Vestcor Inc purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,554 shares of the business services provider’s stock, valued at approximately $709,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chicago Capital LLC purchased a new position in shares of Fiserv during the fourth quarter valued at about $1,316,000. Vulcan Value Partners LLC bought a new stake in Fiserv during the third quarter worth about $103,398,000. Blume Capital Management Inc. boosted its stake in Fiserv by 785.7% during the third quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock worth $3,249,000 after acquiring an additional 22,352 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new stake in Fiserv during the fourth quarter worth about $1,141,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Fiserv during the fourth quarter worth about $4,127,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 3.1%

Shares of NASDAQ FISV opened at $52.72 on Tuesday. The firm’s 50 day moving average price is $57.44 and its 200-day moving average price is $61.30. The company has a market cap of $28.11 billion, a PE ratio of 8.94, a P/E/G ratio of 1.52 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

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

Analyst Ratings Changes

Several research firms recently commented on FISV. Morgan Stanley boosted their price objective on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. B. Riley Financial dropped their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Compass Point dropped their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research note on Wednesday, May 6th. Finally, Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.23.

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.