Independence Bank of Kentucky Takes $719,000 Position in Fiserv, Inc. $FISV

Independence Bank of Kentucky purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,703 shares of the business services provider’s stock, valued at approximately $719,000.

Other institutional investors have also added to or reduced their stakes in the company. Glenview Trust co boosted its stake in shares of Fiserv by 0.3% in the 2nd quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock worth $5,666,000 after buying an additional 85 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Fiserv by 1.3% during the third quarter. Trust Co. of Vermont now owns 6,897 shares of the business services provider’s stock worth $889,000 after acquiring an additional 90 shares during the period. Fayez Sarofim & Co boosted its position in Fiserv by 0.7% in the second quarter. Fayez Sarofim & Co now owns 13,439 shares of the business services provider’s stock worth $2,317,000 after purchasing an additional 95 shares during the last quarter. Jacobsen Capital Management grew its stake in Fiserv by 5.8% in 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 during the period. Finally, Stonebridge Capital Advisors LLC grew its stake in Fiserv by 2.3% in 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 during the period. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FISV. Loop Capital started coverage on Fiserv in a research note on Tuesday, March 31st. They set a “hold” rating and a $62.00 target price on the stock. Citigroup restated a “neutral” rating and set a $68.00 price objective (down from $75.00) on shares of Fiserv in a report on Wednesday, February 11th. Compass Point lowered their price objective 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. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, B. Riley Financial lowered their price target on shares of Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $106.13.

Fiserv Stock Performance

Shares of Fiserv stock opened at $56.16 on Monday. The stock has a market capitalization of $30.03 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.74 and a beta of 0.79. Fiserv, Inc. has a 52-week low of $52.91 and a 52-week high of $222.62. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $59.83 and its 200 day simple moving average is $76.00.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion during 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 company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.