Fiserv, Inc. $FISV Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 123.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,047 shares of the business services provider’s stock after buying an additional 55,318 shares during the period. Marks Group Wealth Management Inc’s holdings in Fiserv were worth $5,583,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were acquired 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 owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

Shares of FISV stock opened at $50.36 on Thursday. The stock’s 50-day moving average is $52.74 and its two-hundred day moving average is $58.46. 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 $168.01. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.39 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’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. Analysts predict that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating and set a $57.00 price target (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. BMO Capital Markets lifted their price objective on Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, May 15th. Mizuho lowered their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $60.00 target price (down from $70.00) on shares of Fiserv in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.23.

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.