Y Intercept Hong Kong Ltd Raises Position in Fiserv, Inc. $FISV

Y Intercept Hong Kong Ltd boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 482.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,037 shares of the business services provider’s stock after buying an additional 146,666 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Fiserv were worth $9,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $25,000. Private Wealth Asset Management LLC acquired a new position in Fiserv during the 4th quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Fiserv in the fourth quarter worth $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a report on Friday, May 29th. Cantor Fitzgerald reduced their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Citigroup decreased their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Robert W. Baird set a $78.00 target price on Fiserv in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus price target of $82.23.

Fiserv Price Performance

NASDAQ:FISV opened at $52.33 on Friday. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $175.92. 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 stock has a market capitalization of $27.91 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The stock’s 50-day moving average price is $54.46 and its 200-day moving average price is $59.54.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $4.67 billion during 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 company’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. As a group, equities analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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.