Legacy Advisors LLC Invests $582,000 in Fiserv, Inc. $FISV

Legacy Advisors LLC purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,660 shares of the business services provider’s stock, valued at approximately $582,000.

A number of other large investors also recently modified their holdings of FISV. Nordea Investment Management AB lifted its position in Fiserv by 4.1% in the 3rd quarter. Nordea Investment Management AB now owns 2,003,668 shares of the business services provider’s stock valued at $258,854,000 after purchasing an additional 78,220 shares during the last quarter. Chicago Capital LLC bought a new stake in Fiserv in the 4th quarter valued at about $1,316,000. AGF Management Ltd. lifted its position in Fiserv by 55.4% in the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after purchasing an additional 69,383 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock valued at $362,128,000 after purchasing an additional 109,427 shares during the last quarter. Finally, CMH Wealth Management LLC lifted its position in Fiserv by 49.6% in the 3rd quarter. CMH Wealth Management LLC now owns 86,676 shares of the business services provider’s stock valued at $11,175,000 after purchasing an additional 28,729 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. Citigroup cut their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Morgan Stanley set a $64.00 price target on shares of Fiserv in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.20.

Fiserv Stock Up 0.3%

NASDAQ FISV opened at $64.14 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $59.14 and its 200 day simple moving average is $70.55. Fiserv, Inc. has a 12 month low of $52.91 and a 12 month high of $221.50. The company has a market capitalization of $34.25 billion, a P/E ratio of 10.12, a PEG ratio of 1.98 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, February 10th. The business services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. Fiserv had a return on equity of 18.39% and a net margin of 16.42%.The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $2.51 earnings per share. Fiserv’s revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities research analysts expect that Fiserv, Inc. will post 8.11 earnings per share for the current fiscal year.

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.