Fiserv, Inc. $FISV Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Fiserv stake by 22.8% in the second quarter, selling 323,970 shares and retaining 1.09 million shares valued at approximately $53.7 million. Institutional investors collectively own 90.98% of Fiserv.
• Fiserv missed second-quarter expectations, reporting adjusted EPS of $1.84 versus the $1.91 consensus and revenue of $4.96 billion versus $5.04 billion expected. Revenue declined 4.1% year over year, reflecting margin pressure and weaker operating conditions.
• Management lowered 2026 adjusted EPS guidance to $7.20–$7.40 from $8.00–$8.30 and now expects organic revenue to be flat to down 1%. Analysts have a consensus “Hold” rating with an average price target of $74.60, while CFO Paul Todd purchased roughly $500,000 of Fiserv shares.

Assenagon Asset Management S.A. reduced its position in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 22.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,094,407 shares of the business services provider's stock after selling 323,970 shares during the quarter. Assenagon Asset Management S.A. owned about 0.21% of Fiserv worth $53,681,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $3,507,063,000. Dodge & Cox purchased a new stake in Fiserv in the fourth quarter valued at approximately $3,323,210,000. State Street Corp purchased a new stake in shares of Fiserv in the 4th quarter valued at $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv during the 4th quarter worth about $854,215,000. Finally, Amundi acquired a new position in Fiserv during the 4th quarter worth about $825,819,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

FISV stock opened at $52.41 on Friday. The stock's 50 day moving average price is $51.77 and its 200 day moving average price is $56.76. The firm has a market cap of $27.95 billion, a P/E ratio of 10.06, a PEG ratio of 1.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 1.04. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $140.42.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv's revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 7.3 earnings per share for the current fiscal year.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Despite lowering its target, Susquehanna maintained a “positive” rating and set an $85 target, implying substantial potential upside from recent levels. Keefe, Bruyette & Woods also retained an “outperform” rating with a $65 target. Benzinga analyst ratings
• Positive Sentiment: Recent insider activity has been supportive, with several company executives and directors reportedly purchasing FISV shares rather than selling them. This may signal that insiders view the selloff as excessive, although it does not offset the weaker operating outlook.
• Neutral Sentiment: JPMorgan reduced its price target from $62 to $60 and moved to a “neutral” rating, while TD Cowen cut its target from $63 to $55 and assigned a “hold” rating. The targets remain above the recent share price, but the reductions indicate lower near-term confidence. Benzinga analyst ratings
• Neutral Sentiment: New CEO Takis Georgakopoulos is attempting to reset expectations, with management emphasizing technology investment and a potential recovery in 2027. Investors may view the longer-term rebound opportunity positively, but it depends on improved execution and renewed client spending. Fiserv’s New CEO Resets Guidance as Headwinds Hit Growth
• Negative Sentiment: Fiserv missed second-quarter earnings and revenue expectations. Adjusted EPS was $1.84, below estimates and down from $2.47 a year earlier, while revenue declined year over year amid margin pressure. FISV Q2 Earnings Miss Estimates on Margin Pressure
• Negative Sentiment: Management cut 2026 adjusted EPS guidance to $7.20–$7.40 from $8.00–$8.30 and changed its organic revenue forecast from 1%–3% growth to flat or down 1%. Delayed client projects, weaker Argentine conditions, softer hardware sales and increased technology spending are weighing on results. FISV Q2 Earnings Call Resets Outlook

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Fiserv from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, May 6th. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a "positive" rating on the stock in a research report on Friday. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an "equal weight" rating in a report on Thursday, July 9th. Citigroup restated a "neutral" rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Finally, Barclays set a $52.00 target price on Fiserv and gave the stock an "equal weight" rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Fiserv presently has a consensus rating of "Hold" and an average price target of $74.60.

Insiders Place Their Bets

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares of the company's stock, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Company 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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