Bank of America Corp DE Decreases Holdings in Fiserv, Inc. $FISV

Key Points

• Bank of America cut its Fiserv holdings by 84% in the first quarter, selling 11.21 million shares and retaining 2.14 million shares worth approximately $119.6 million.
• Fiserv’s latest quarter fell short of expectations, with EPS of $1.84 and revenue of about $4.96 billion, down 4.1% year over year. The company also reduced its 2026 organic-revenue and adjusted-EPS guidance amid weaker demand and execution challenges.
• Analysts maintain a broadly cautious view, with Fiserv carrying a consensus “Hold” rating and an average price target of $76.57, while institutional investors still own nearly 91% of its stock.

Bank of America Corp DE trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) by 84.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,142,981 shares of the business services provider's stock after selling 11,209,534 shares during the period. Bank of America Corp DE owned about 0.40% of Fiserv worth $119,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FISV. Intrinsic Edge Capital Management LLC grew its stake in shares of Fiserv by 99.2% in the first quarter. Intrinsic Edge Capital Management LLC now owns 100,400 shares of the business services provider's stock worth $5,602,000 after purchasing an additional 50,000 shares during the last quarter. Edgestream Partners L.P. lifted its position in Fiserv by 26.2% during the first quarter. Edgestream Partners L.P. now owns 81,099 shares of the business services provider's stock valued at $4,525,000 after buying an additional 16,831 shares during the period. RBF Capital LLC grew its holdings in Fiserv by 400.0% in the first quarter. RBF Capital LLC now owns 20,000 shares of the business services provider's stock worth $1,116,000 after purchasing an additional 16,000 shares during the period. Bull Harbor Capital LLC purchased a new stake in shares of Fiserv in the 1st quarter worth approximately $439,000. Finally, South Dakota Investment Council increased its holdings in shares of Fiserv by 21.7% during the first quarter. South Dakota Investment Council now owns 214,578 shares of the business services provider's stock valued at $11,973,000 after acquiring an additional 38,311 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

More Fiserv News

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv is partnering with Stuut Technologies to add agentic-AI capabilities to enterprise accounts-receivable workflows. The collaboration could create longer-term growth opportunities in automation and working-capital management. Fiserv and Stuut Partner to Bring Agentic AI to Enterprise Receivables
• Positive Sentiment: UW Credit Union selected Fiserv’s DNA core-processing platform, expanding the company’s relationship with a major credit union and supporting future recurring software revenue. UW Credit Union Selects DNA from Fiserv
• Neutral Sentiment: MoneyPass began operating as an independent network and cash-infrastructure company after a joint venture involving Fiserv closed. The transaction may sharpen the business’s strategic focus, although its immediate financial impact was not specified. MoneyPass Group Launches as an Independent Company
• Negative Sentiment: Second-quarter adjusted EPS was $1.84, below roughly $1.89-$1.91 analyst expectations and down from $2.47 a year earlier. Revenue fell 4% year over year to approximately $5.29 billion, while pressure affected both Merchant Solutions and Financial Solutions. FISV Q2 Earnings Miss Estimates
• Negative Sentiment: Fiserv reduced its 2026 organic-revenue forecast to a decline of 1% to flat, from expected growth of 1% to 3%, and lowered adjusted EPS guidance to $7.20-$7.40 from $8.00-$8.30. Management cited delayed client projects, weaker Argentine conditions and softer hardware sales. Fiserv’s New CEO Resets Guidance as Headwinds Hit Growth
• Negative Sentiment: The outlook cut, leadership turnover and activist pressure from Jana Partners have intensified concerns about execution and the durability of Fiserv’s growth model. These factors drove a sharp decrease in investor sentiment despite the stock’s low valuation.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Susquehanna restated a "positive" rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. TD Cowen cut their price target on Fiserv from $64.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, July 7th. Citigroup restated a "neutral" rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $65.00 target price on Fiserv and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Hold" and an average price target of $76.57.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $54.11 on Friday. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.42. The firm has a 50 day moving average of $51.85 and a 200 day moving average of $56.79. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. 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 (NASDAQ:FISV - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $5.04 billion. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Fiserv, Inc. will post 8.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Paul M. Todd purchased 10,060 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company's stock.

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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