Cairn Investment Group Inc. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 46,440 shares of the business services provider's stock, valued at approximately $3,119,000. Fiserv accounts for 1.5% of Cairn Investment Group Inc.'s holdings, making the stock its 28th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in FISV. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at about $25,000. American National Bank & Trust purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Mendota Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $28,000. Capital Advisors Ltd. LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Finally, True Wealth Design LLC boosted its stake in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider's stock valued at $30,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.
Analyst Upgrades and Downgrades
FISV has been the subject of several recent research reports. Loop Capital initiated coverage on Fiserv in a research note on Tuesday, March 31st. They issued a "hold" rating and a $62.00 price objective for the company. Weiss Ratings upgraded Fiserv from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday. Wells Fargo & Company decreased their price objective on Fiserv from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Friday, March 27th. Compass Point lowered their price objective on Fiserv from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, February 11th. Finally, Truist Financial lowered their price objective on Fiserv from $65.00 to $64.00 and set a "hold" rating for the company in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $92.41.
Check Out Our Latest Analysis on FISV
Fiserv Stock Performance
Shares of FISV stock opened at $62.14 on Friday. The company has a market cap of $33.18 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. The stock has a 50 day simple moving average of $59.26 and a 200-day simple moving average of $67.39. Fiserv, Inc. has a 12-month low of $52.91 and a 12-month high of $191.91. 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 (NASDAQ:FISV - Get Free Report) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.09. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 8.11 EPS for the current year.
About Fiserv
(
Free Report)
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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