28,531 Fiserv, Inc. $FISV Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich reduced its Fiserv stake by 65.4%, selling 28,531 shares in the third quarter and retaining 15,120 shares valued at about $684,000.
• Fiserv reported quarterly adjusted EPS of $1.75, above the $1.72 consensus, while revenue of $4.85 billion was down 1.3% year over year; the company affirmed its 2026 outlook.
• Fiserv doubled its Project Elevate cost-savings target to $1 billion and plans $500 million in fourth-quarter share repurchases, alongside cuts of about 3,000 employee and contractor positions.

Bank Julius Baer & Co. Ltd Zurich cut its stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 65.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,120 shares of the business services provider's stock after selling 28,531 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Fiserv were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. William Mack & Associates Inc. bought a new position in Fiserv during the 3rd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. bought a new stake in Fiserv in the second quarter valued at approximately $30,000. Osterweis Capital Management Inc. bought a new stake in Fiserv in the second quarter valued at approximately $32,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Fiserv by 49.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider's stock worth $39,000 after purchasing an additional 282 shares during the period. Finally, Caitlin John LLC acquired a new stake in Fiserv in the second quarter worth $45,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV opened at $62.05 on Thursday. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41. The firm has a fifty day simple moving average of $48.93 and a 200 day simple moving average of $54.61. The stock has a market capitalization of $33.00 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 5.83 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.03. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. Fiserv's revenue was down 1.3% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Fiserv News Summary

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv beat third-quarter adjusted earnings expectations, reporting $1.75 per share versus the $1.72 consensus. The company affirmed its 2026 outlook, while organic revenue was flat. Fiserv third-quarter results
• Positive Sentiment: Management doubled its Project Elevate cost-savings target to $1 billion from $500 million and expects to repurchase $500 million of shares in the fourth quarter. The savings plan and buyback helped fuel investor optimism. Fiserv cost cuts and buybacks
• Positive Sentiment: Argus upgraded FISV to Buy with a $72 target. Several other firms raised targets, including RBC to $70 and Keefe, Bruyette & Woods to $70, though ratings across analysts remain mixed.
• Neutral Sentiment: Fiserv is eliminating about 3,000 employee and contractor positions as it pursues efficiencies. The cuts may support savings, but execution and workforce impacts are uncertainties. Reuters report on job cuts
• Negative Sentiment: Results also showed ongoing pressure: revenue declined year over year, adjusted EPS fell from $2.04 a year earlier, and Fiserv recorded a $6.45 billion goodwill impairment. These factors underline the turnaround and execution risks. Analysis of Fiserv’s earnings and impairment

Wall Street Analyst Weigh In

FISV has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, October 21st. Barclays upped their price objective on shares of Fiserv from $50.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday. Argus raised Fiserv from a "hold" rating to a "buy" rating and set a $72.00 price objective on the stock in a research note on Wednesday. TD Cowen lifted their target price on Fiserv from $49.00 to $59.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Truist Financial set a $51.00 target price on Fiserv and gave the company a "hold" rating in a research note on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of "Hold" and an average price target of $63.11.

Insider Buying and Selling at Fiserv

In related news, Director Lance Fritz purchased 10,000 shares of the firm's stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company's offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.

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