106,338 Shares in Fiserv, Inc. $FISV Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, Holdings Channel reports. The fund bought 106,338 shares of the business services provider’s stock, valued at approximately $7,142,000.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in Fiserv during the fourth quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in Fiserv during the third quarter worth approximately $28,000. Mendota Financial Group LLC bought a new stake in Fiserv during the fourth quarter worth approximately $28,000. Capital Advisors Ltd. LLC bought a new stake in Fiserv during the fourth quarter worth approximately $29,000. Finally, True Wealth Design LLC boosted its holdings in Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 4.8%

Fiserv stock opened at $58.79 on Tuesday. The company has a 50 day moving average price of $58.85 and a 200 day moving average price of $72.87. Fiserv, Inc. has a 52 week low of $52.91 and a 52 week high of $221.50. 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 firm has a market capitalization of $31.39 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 1.74 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the business posted $2.51 EPS. The company’s revenue was up .6% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. Tigress Financial restated a “buy” rating and set a $95.00 target price on shares of Fiserv in a report on Wednesday, March 11th. TD Cowen restated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. 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 research note on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Nine analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.74.

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.