Legal Advantage Investments Inc. Invests $4.69 Million in Fiserv, Inc. $FISV

Legal Advantage Investments Inc. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 84,080 shares of the business services provider’s stock, valued at approximately $4,692,000. Fiserv accounts for about 2.4% of Legal Advantage Investments Inc.’s holdings, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of FISV. Chicago Capital LLC acquired a new position in shares of Fiserv in the fourth quarter valued at about $1,316,000. ZWJ Investment Counsel Inc. bought a new stake in Fiserv in the 4th quarter valued at about $1,141,000. Robeco Institutional Asset Management B.V. bought a new stake in Fiserv in the 4th quarter valued at about $4,127,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiserv during the 4th quarter worth approximately $14,907,000. Finally, Barclays PLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $47.30 on Wednesday. The firm’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $60.40. The firm has a market capitalization of $25.22 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 1.32 and a beta of 0.79. 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, Inc. has a 1 year low of $47.04 and a 1 year high of $177.36.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating 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 business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’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. As a group, research analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FISV shares. UBS Group set a $65.00 price target on shares of Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company reduced their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a report on Wednesday, March 11th. The Goldman Sachs Group cut their target price on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Finally, Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

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.