Atlantic Edge Private Wealth Management LLC Takes $1.01 Million Position in Fiserv, Inc. $FISV

Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,090 shares of the business services provider’s stock, valued at approximately $1,014,000.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in shares of Fiserv during the third quarter valued at about $28,000. True Wealth Design LLC raised its holdings in shares of Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Fiserv during the third quarter valued at about $30,000. Westfuller Advisors LLC acquired a new position in shares of Fiserv during the third quarter valued at about $36,000. Finally, WFA of San Diego LLC acquired a new position in shares of Fiserv during the second quarter valued at about $55,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 2.5%

NASDAQ:FISV opened at $63.97 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $59.06 and a 200-day moving average of $71.37. The company has a market cap of $34.16 billion, a PE ratio of 10.09, a PEG ratio of 1.94 and a beta of 0.79. Fiserv, Inc. has a one year low of $52.91 and a one year high of $221.50.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data 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. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the firm posted $2.51 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FISV shares. Wells Fargo & Company dropped their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. TD Cowen reiterated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Tigress Financial reiterated a “buy” rating and set a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. Citigroup decreased their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, Truist Financial decreased their target price on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.20.

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.