D.A. Davidson & CO. Purchases Shares of 50,898 Fiserv, Inc. $FISV

D.A. Davidson & CO. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 50,898 shares of the business services provider’s stock, valued at approximately $3,419,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in Fiserv during the fourth quarter valued at about $27,000. Mendota Financial Group LLC purchased a new stake in Fiserv during the fourth quarter valued at about $28,000. Capital Advisors Ltd. LLC purchased a new stake in Fiserv during the fourth quarter valued at about $29,000. True Wealth Design LLC grew its position 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 valued at $30,000 after acquiring an additional 225 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new stake in Fiserv during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of a number of recent research reports. Northcoast Research lowered Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Wells Fargo & Company reduced their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. TD Cowen reissued a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. The Goldman Sachs Group reduced their price target on Fiserv from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Compass Point reduced their price target on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Eight analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.41.

Fiserv Trading Up 1.0%

Shares of FISV opened at $62.65 on Friday. The company has a market capitalization of $33.45 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.93 and a beta of 0.79. Fiserv, Inc. has a one year low of $52.91 and a one year high of $191.91. 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 $59.26 and a 200 day moving average price of $67.78.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.Fiserv’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 earnings per share. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 8.11 EPS for the current fiscal 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.