Black Creek Investment Management Inc. Grows Position in Fiserv, Inc. $FISV

Black Creek Investment Management Inc. grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 27.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,160 shares of the business services provider’s stock after purchasing an additional 30,069 shares during the quarter. Fiserv comprises approximately 0.8% of Black Creek Investment Management Inc.’s portfolio, making the stock its 17th biggest holding. Black Creek Investment Management Inc.’s holdings in Fiserv were worth $17,942,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FISV. Vise Technologies Inc. bought a new position in Fiserv during the 2nd quarter valued at approximately $2,320,000. Factory Mutual Insurance Co. increased its stake in shares of Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after buying an additional 16,500 shares during the period. Dillon & Associates Inc. raised its holdings in shares of Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after acquiring an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC purchased a new stake in Fiserv in the second quarter worth $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Fiserv by 236.6% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after acquiring an additional 5,649 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FISV. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Jefferies Financial Group raised their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. B. Riley Financial reduced their target price on Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Cantor Fitzgerald upgraded Fiserv to a “hold” rating in a research note on Tuesday, January 27th. Finally, Morgan Stanley set a $64.00 price target on Fiserv in a research note on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.74.

Fiserv Trading Up 1.7%

Shares of NASDAQ FISV opened at $62.89 on Wednesday. The firm’s 50 day moving average price is $64.27 and its 200-day moving average price is $88.77. The company has a market cap of $33.63 billion, a PE ratio of 9.92, a P/E/G ratio of 1.90 and a beta of 0.77. Fiserv, Inc. has a 52-week low of $57.79 and a 52-week high of $235.70. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter 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, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.