Deroy & Devereaux Private Investment Counsel Inc. Takes $11.80 Million Position in Fiserv, Inc. $FISV

Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, Holdings Channel reports. The fund purchased 175,632 shares of the business services provider’s stock, valued at approximately $11,797,000.

A number of other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Trust Services Inc. purchased a new stake in Fiserv in the 4th quarter worth about $992,000. Asset Management One Co. Ltd. bought a new position in Fiserv in the 4th quarter worth about $15,911,000. Ninety One UK Ltd purchased a new stake in shares of Fiserv in the 4th quarter valued at about $8,047,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at about $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Fiserv during the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on FISV shares. Citigroup reduced their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Wells Fargo & Company lowered their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. TD Cowen restated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Finally, Mizuho decreased their price target on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $102.20.

Fiserv Stock Up 2.5%

Shares of NASDAQ:FISV opened at $63.97 on Friday. The firm has a market capitalization of $34.16 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.94 and a beta of 0.79. 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 has a 50 day moving average price of $59.06 and a 200-day moving average price of $71.37. Fiserv, Inc. has a 52-week low of $52.91 and a 52-week high of $221.50.

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

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.