State of New Jersey Common Pension Fund D Purchases Shares of 192,891 Fiserv, Inc. $FISV

State of New Jersey Common Pension Fund D bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 192,891 shares of the business services provider’s stock, valued at approximately $12,956,000.

Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $25,000. American National Bank & Trust acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Mendota Financial Group LLC acquired a new position in shares of Fiserv during the fourth quarter worth $28,000. Capital Advisors Ltd. LLC acquired a new position in shares of Fiserv during the fourth quarter worth $29,000. Finally, True Wealth Design LLC lifted its position in shares of 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 purchasing an additional 225 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Fiserv from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $70.00 target price on shares of Fiserv in a research report on Wednesday, March 11th. BMO Capital Markets assumed coverage on shares of Fiserv in a research report on Tuesday, April 21st. They set a “market perform” rating and a $65.00 target price on the stock. TD Cowen reissued a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Finally, Citigroup dropped their price target on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.41.

Fiserv Trading Down 0.8%

Shares of NASDAQ FISV opened at $62.14 on Friday. The stock’s 50 day moving average price is $59.26 and its two-hundred day moving average price is $67.78. Fiserv, Inc. has a 52-week low of $52.91 and a 52-week high of $191.91. The stock has a market capitalization of $33.18 billion, a P/E ratio of 9.80, a PEG ratio of 1.95 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08.

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