Penobscot Investment Management Company Inc. Buys Shares of 11,432 Fiserv, Inc. $FISV

Penobscot Investment Management Company Inc. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,432 shares of the business services provider’s stock, valued at approximately $768,000.

A number of other institutional investors have also recently added to or reduced their stakes in FISV. American National Bank & Trust bought a new stake in shares of Fiserv during the 4th quarter worth $27,000. Sound Income Strategies LLC bought a new stake in shares of Fiserv during the 3rd quarter worth $28,000. Mendota Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter worth $28,000. Capital Advisors Ltd. LLC bought a new stake in shares of Fiserv during the 4th quarter worth $29,000. Finally, True Wealth Design LLC boosted its holdings in shares of Fiserv by 3,750.0% during the 3rd 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 during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FISV has been the subject of several recent analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Stephens decreased their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Compass Point decreased their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.63.

Fiserv Price Performance

NASDAQ:FISV opened at $63.26 on Thursday. The stock has a market cap of $33.78 billion, a P/E ratio of 9.98, a PEG ratio of 1.96 and a beta of 0.79. Fiserv, Inc. has a one year low of $52.91 and a one year high of $221.50. The company has a fifty day moving average price of $59.18 and a 200 day moving average price of $70.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03.

Fiserv (NASDAQ:FISV) last released its earnings results 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. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Analysts anticipate that Fiserv, Inc. will post 8.11 earnings per share 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.