Sequoia Financial Advisors LLC Makes New Investment in Fiserv, Inc. $FISV

Sequoia Financial Advisors LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 29,719 shares of the business services provider’s stock, valued at approximately $1,996,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FISV. Vanguard Group Inc. bought a new stake in Fiserv in the fourth quarter worth $3,507,063,000. Capital World Investors lifted its position in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares during the last quarter. Legal & General Group Plc lifted its position in Fiserv by 3.8% in the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after buying an additional 131,935 shares during the last quarter. Barclays PLC boosted its stake in shares of Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after purchasing an additional 1,895,349 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fiserv by 24.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after purchasing an additional 607,213 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FISV shares. Compass Point dropped their price target on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. The Goldman Sachs Group dropped their price target on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target on shares of Fiserv in a research note on Wednesday, March 11th. Stephens dropped their price target on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. 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. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $87.48.

Fiserv Price Performance

Fiserv stock opened at $55.48 on Monday. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1 year low of $52.91 and a 1 year high of $191.91. The firm has a 50-day moving average of $59.09 and a two-hundred day moving average of $65.65.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s revenue for the quarter was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, research analysts forecast that Fiserv, Inc. will post 8.14 earnings per share for the current 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.