Gabelli Funds LLC Takes $7.08 Million Position in Fiserv, Inc. $FISV

Gabelli Funds LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel.com reports. The fund acquired 105,383 shares of the business services provider’s stock, valued at approximately $7,079,000.

Other large investors have also made changes to their positions in the company. Chicago Capital LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at $1,316,000. AGF Management Ltd. lifted its stake in shares of Fiserv by 55.4% in the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after purchasing an additional 69,383 shares during the period. National Pension Service lifted its stake in shares of Fiserv by 2.6% in the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after purchasing an additional 30,951 shares during the period. Machina Capital S.A.S. lifted its stake in shares of Fiserv by 256.8% in the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after purchasing an additional 33,949 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Fiserv by 4.2% in the 3rd quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock valued at $121,557,000 after purchasing an additional 38,167 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FISV. Susquehanna reiterated a “positive” rating and issued a $91.00 target price (down from $99.00) on shares of Fiserv in a research note on Monday, May 4th. Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. BNP Paribas Exane decreased their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.97.

Fiserv Price Performance

Fiserv stock opened at $56.41 on Thursday. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The stock has a market cap of $30.08 billion, a P/E ratio of 9.56, a PEG ratio of 1.57 and a beta of 0.84. The company has a 50-day moving average price of $57.76 and a 200 day moving average price of $62.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

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, topping the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The firm had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.73 billion. The firm’s revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts anticipate 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.