Crestwood Advisors Group LLC Takes Position in Fiserv, Inc. $FISV

Key Points

• Crestwood Advisors Group LLC opened a new position in Fiserv during the fourth quarter, buying 52,330 shares worth about $3.5 million.
• Fiserv reported better-than-expected quarterly earnings of $1.79 per share, though revenue of $4.68 billion came in slightly below estimates and was down 2% year over year.
• Analysts remain cautious overall: the stock has a consensus Hold rating, with 8 Buy ratings, 27 Hold ratings, and 1 Sell rating, and a consensus price target of $87.48.

Crestwood Advisors Group LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,330 shares of the business services provider's stock, valued at approximately $3,515,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jacobsen Capital Management raised its holdings in shares of Fiserv by 5.8% during the 3rd quarter. Jacobsen Capital Management now owns 1,767 shares of the business services provider's stock valued at $228,000 after purchasing an additional 97 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider's stock valued at $744,000 after purchasing an additional 98 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Fiserv by 5.6% during the 3rd quarter. Quent Capital LLC now owns 2,199 shares of the business services provider's stock valued at $284,000 after purchasing an additional 116 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in shares of Fiserv by 16.8% during the 3rd quarter. Hemington Wealth Management now owns 1,003 shares of the business services provider's stock valued at $129,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $55.48 on Friday. Fiserv, Inc. has a 1 year low of $52.91 and a 1 year high of $191.91. The firm's fifty day simple moving average is $59.09 and its 200 day simple moving average is $65.65. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $29.58 billion, a PE ratio of 9.40, a PEG ratio of 1.76 and a beta of 0.84.

Fiserv (NASDAQ:FISV - Get Free Report) last posted its quarterly 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 company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. TD Cowen restated a "hold" rating on shares of Fiserv in a report on Monday, January 12th. Loop Capital began coverage on shares of Fiserv in a research note on Tuesday, March 31st. They issued a "hold" rating and a $62.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Fiserv from $60.00 to $65.00 and gave the company a "hold" rating in a research note on Wednesday, January 21st. Wells Fargo & Company lowered their target price on shares of Fiserv from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Friday, March 27th. Finally, Robert W. Baird set a $78.00 target price on shares of Fiserv in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.48.

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.

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.