Louisiana State Employees Retirement System Acquires Shares of 27,400 Fiserv, Inc. $FISV

Louisiana State Employees Retirement System purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) during the first quarter, Holdings Channel reports. The firm purchased 27,400 shares of the business services provider’s stock, valued at approximately $1,529,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth about $3,507,063,000. Dodge & Cox bought a new position in Fiserv during the 4th quarter valued at about $3,323,210,000. State Street Corp acquired a new position in Fiserv in the fourth quarter valued at about $1,588,663,000. Geode Capital Management LLC bought a new stake in Fiserv during the fourth quarter worth about $854,215,000. Finally, Amundi bought a new stake in Fiserv during the fourth quarter worth about $825,819,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 3.4%

NASDAQ:FISV opened at $50.73 on Thursday. The stock’s fifty day moving average price is $54.68 and its two-hundred day moving average price is $59.65. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $175.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.37 and a beta of 0.82.

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 analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The firm’s revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FISV has been the subject of a number of recent analyst reports. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Rothschild & Co Redburn decreased their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. UBS Group set a $65.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Mizuho cut their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus price target of $82.23.

Fiserv Company 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.