Bradley Foster & Sargent Inc. CT Sells 16,491 Shares of Fiserv, Inc. $FISV

Bradley Foster & Sargent Inc. CT trimmed its stake in Fiserv, Inc. (NASDAQ:FISV) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,342 shares of the business services provider’s stock after selling 16,491 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Fiserv were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FISV. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter worth approximately $25,000. Private Wealth Asset Management LLC bought a new stake in Fiserv during the 4th quarter valued at $25,000. American National Bank & Trust bought a new stake in Fiserv during the 4th quarter valued at $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the 4th quarter worth $27,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

NASDAQ FISV opened at $51.02 on Monday. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $144.05. The company has a fifty day simple moving average of $52.21 and a two-hundred day simple moving average of $57.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $27.21 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.43 and a beta of 0.82.

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial reduced their price objective on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research note on Friday. Finally, Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.57.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

About Fiserv

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.