221,936 Shares in Fiserv, Inc. $FISV Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS acquired a new position of 221,936 shares in Fiserv during Q4, valued at roughly $14.9 million.
• Institutional ownership is very high at about 90.98%, with major funds like Capital World Investors, Barclays and Sumitomo Mitsui making sizable additions or new investments.
• Analyst sentiment is mixed-to-cautious: consensus rating is "Hold" with an average target of $96.63, and several brokers have recently cut price targets; the stock trades in the low $60s with a market cap near $32.9B.

KLP Kapitalforvaltning AS acquired a new position in Fiserv, Inc. (NASDAQ:FISV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 221,936 shares of the business services provider's stock, valued at approximately $14,907,000.

Several other hedge funds also recently added to or reduced their stakes in FISV. Capital World Investors grew its position in Fiserv by 35.2% in 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 acquiring an additional 6,714,536 shares during the period. Barclays PLC grew its position in Fiserv by 116.0% in the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider's stock worth $454,982,000 after acquiring an additional 1,895,349 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in Fiserv in the fourth quarter worth approximately $87,458,000. Massachusetts Financial Services Co. MA acquired a new position in Fiserv during the fourth quarter worth $77,198,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider's stock worth $171,215,000 after purchasing an additional 948,634 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Loop Capital assumed coverage on Fiserv in a research note on Tuesday, March 31st. They set a "hold" rating and a $62.00 price target on the stock. Raymond James Financial cut Fiserv from an "outperform" rating to a "market perform" rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 7th. BNP Paribas Exane decreased their price target on Fiserv from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on Fiserv from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 11th. Eight research 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 stock. According to data from MarketBeat, Fiserv currently has a consensus rating of "Hold" and an average target price of $96.63.

Fiserv Stock Down 2.7%

Shares of NASDAQ FISV opened at $61.55 on Friday. The stock has a market cap of $32.86 billion, a P/E ratio of 9.71, a PEG ratio of 1.96 and a beta of 0.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a 12-month low of $52.91 and a 12-month high of $198.68. The business's fifty day simple moving average is $59.23 and its 200-day simple moving average is $69.99.

Fiserv (NASDAQ:FISV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $4.90 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities analysts predict that Fiserv, Inc. will post 8.11 EPS for the current fiscal 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.

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