Madison Asset Management LLC Buys Shares of 79,500 Fiserv, Inc. $FISV

Madison Asset Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 79,500 shares of the business services provider’s stock, valued at approximately $5,340,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth about $3,507,063,000. Capital World Investors lifted its position in shares of Fiserv by 35.2% during 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 purchasing an additional 6,714,536 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Fiserv by 3.8% during 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 purchasing an additional 131,935 shares in the last quarter. Barclays PLC lifted its position in shares of Fiserv by 116.0% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fiserv by 24.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after buying an additional 607,213 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $52.37 on Thursday. The firm has a market capitalization of $27.93 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.74 and a beta of 0.84. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $191.28. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $58.48 and its two-hundred day moving average is $63.67.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm’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. Research analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Citigroup cut their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings upgraded shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, Robert W. Baird set a $78.00 price target on shares of Fiserv in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.57.

Fiserv News Summary

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv announced an agreement with Bridgeport Partners to form a joint venture covering its ATM Managed Services, Cash & Logistics, and MoneyPass businesses. The deal could help Fiserv unlock value, streamline operations, and accelerate growth in its cash-services businesses. Fiserv and Bridgeport Partners Enter into Agreement to Form Joint Venture to Accelerate Growth Across ATM and Cash Services Businesses
• Positive Sentiment: Fiserv also expanded its Clover platform with Clover Reserve powered by Tabit, an AI-driven restaurant POS and hospitality solution aimed at full-service and fine-dining restaurants. Investors may see this as a way to deepen Clover’s reach and support longer-term merchant revenue growth. Fiserv Tabit AI Restaurant Platform Aims To Deepen Clover Relationships
• Neutral Sentiment: Industry commentary highlighted Fiserv as one of several financial transaction stocks positioned to benefit from digital payments trends such as contactless payments and cross-border growth, which supports the company’s longer-term operating backdrop. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Neutral Sentiment: Several analysts still see upside from current levels, but targets have been mixed, with some recent cuts offset by others that remain bullish. That creates a divided near-term sentiment backdrop rather than a clear catalyst. Deutsche Bank Adjusts Price Target on Fiserv to $60 From $63
• Negative Sentiment: Rothschild & Co Redburn cut its price target to $40 and kept a sell rating, reinforcing concerns that Fiserv may face further downside if growth or margins do not improve soon. Rothschild & Co Redburn Adjusts Price Target on Fiserv to $40 From $50

Fiserv 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.