Fiserv, Inc. $FISV Shares Purchased by DNB Asset Management AS

DNB Asset Management AS grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 87.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 253,328 shares of the business services provider’s stock after acquiring an additional 118,110 shares during the quarter. DNB Asset Management AS’s holdings in Fiserv were worth $32,662,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new position in Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi lifted its stake in shares of Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after acquiring an additional 807,916 shares during the period. Legal & General Group Plc boosted its holdings in shares of Fiserv by 1.1% in the second quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock valued at $604,486,000 after acquiring an additional 39,036 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Fiserv by 3.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock valued at $362,128,000 after acquiring an additional 109,427 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Fiserv by 34.7% during the second quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after purchasing an additional 680,743 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FISV stock opened at $62.29 on Friday. Fiserv, Inc. has a one year low of $57.79 and a one year high of $238.59. The firm has a 50-day moving average of $64.50 and a two-hundred day moving average of $90.40. The firm has a market capitalization of $33.31 billion, a PE ratio of 9.82, a P/E/G ratio of 1.90 and a beta of 0.78. 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) last released its quarterly earnings results 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 business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Citigroup reaffirmed a “neutral” rating and set a $68.00 target price (down from $75.00) on shares of Fiserv in a research note on Wednesday, February 11th. Compass Point dropped their price target on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Northcoast Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Finally, Truist Financial lowered their price objective on shares of Fiserv from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.74.

Insiders Place Their Bets

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by corporate insiders.

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.