Cidel Asset Management Inc. Sells 9,092 Shares of Fiserv, Inc. $FISV

Cidel Asset Management Inc. trimmed its stake in Fiserv, Inc. (NASDAQ:FISV) by 84.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,699 shares of the business services provider’s stock after selling 9,092 shares during the period. Cidel Asset Management Inc.’s holdings in Fiserv were worth $219,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FISV. Sound Income Strategies LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth about $28,000. True Wealth Design LLC increased 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 worth $30,000 after buying an additional 225 shares in the last quarter. Clear Street LLC acquired a new stake in shares of Fiserv during the second quarter worth approximately $34,000. Westfuller Advisors LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after acquiring an additional 221 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.9%

FISV opened at $59.36 on Tuesday. The firm has a 50 day simple moving average of $65.66 and a 200 day simple moving average of $94.39. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $238.59. The company has a market cap of $32.27 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 3.39 and a beta of 0.78. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on FISV. Oppenheimer reiterated an “outperform” rating and issued a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Mizuho cut their price target on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Jefferies Financial Group upped their price target on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and dropped their target price for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $108.97.

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.