D.A. Davidson & CO. Acquires 13,441 Shares of Fiserv, Inc. $FISV

D.A. Davidson & CO. raised its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 26.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 64,339 shares of the business services provider’s stock after purchasing an additional 13,441 shares during the period. D.A. Davidson & CO.’s holdings in Fiserv were worth $3,590,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Chicago Capital LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,316,000. ZWJ Investment Counsel Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth approximately $4,127,000. KLP Kapitalforvaltning AS purchased a new stake in Fiserv during the fourth quarter valued at approximately $14,907,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $1,996,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, CFO Paul M. Todd purchased 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 transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FISV. Loop Capital cut their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Barclays began coverage on Fiserv in a report on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price objective for the company. Citigroup reissued a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. UBS Group set a $65.00 target price on Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $77.23.

Fiserv Stock Performance

Shares of Fiserv stock opened at $50.63 on Monday. The firm’s 50 day simple moving average is $52.54 and its two-hundred day simple moving average is $58.24. The firm has a market capitalization of $27.00 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $168.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts predict that Fiserv, Inc. will post 8.13 EPS for the current year.

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.