KLCM Advisors Inc. Boosts Holdings in Fiserv, Inc. $FISV

KLCM Advisors Inc. lifted its holdings in Fiserv, Inc. (NASDAQ:FISVFree Report) by 143.9% in the first quarter, HoldingsChannel reports. The firm owned 84,714 shares of the business services provider’s stock after buying an additional 49,974 shares during the quarter. KLCM Advisors Inc.’s holdings in Fiserv were worth $4,727,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in shares of Fiserv in the fourth quarter worth $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at $25,000. American National Bank & Trust acquired a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Kimelman & Baird LLC acquired a new position in Fiserv during the 4th quarter worth $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in Fiserv during the 4th quarter worth about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Fiserv Stock Down 2.3%

FISV stock traded down $1.20 during midday trading on Friday, reaching $50.45. 7,437,308 shares of the company were exchanged, compared to its average volume of 9,078,024. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $169.74. The stock’s 50-day simple moving average is $53.24 and its 200 day simple moving average is $58.90. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82.

Fiserv (NASDAQ:FISVGet Free Report) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (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 analysts’ expectations of $4.73 billion. 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. On average, equities analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent analyst reports. B. Riley Financial dropped their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Truist Financial set a $58.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. Cantor Fitzgerald dropped their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Loop Capital cut their price target on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on Fiserv from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus target price of $77.23.

Read Our Latest Research Report on Fiserv

Key Stories Impacting Fiserv

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Fiserv Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISVFree Report).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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