Harber Asset Management LLC Makes New $10.60 Million Investment in Fiserv, Inc. $FISV

Harber Asset Management LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 157,851 shares of the business services provider’s stock, valued at approximately $10,603,000. Fiserv comprises approximately 4.4% of Harber Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other hedge funds also recently made changes to their positions in FISV. Oakworth Capital Inc. purchased a new position in shares of Fiserv during the fourth quarter worth about $25,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust purchased a new position in shares of Fiserv during the fourth quarter worth about $27,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $27,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FISV has been the topic of several research reports. Robert W. Baird set a $78.00 price objective on Fiserv in a report on Wednesday, May 6th. Raymond James Financial lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a report on Friday, June 5th. Tigress Financial reissued a “buy” rating and set a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Finally, Keefe, Bruyette & Woods lowered their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.23.

Fiserv Stock Performance

NASDAQ FISV opened at $53.78 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52-week low of $51.78 and a 52-week high of $177.36. The business’s 50-day moving average price is $57.33 and its 200 day moving average price is $61.10. The firm has a market cap of $28.68 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.51 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last released its quarterly 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. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. The company’s quarterly revenue 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, equities research analysts expect 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.