Huntington National Bank Purchases Shares of 436,761 Fiserv, Inc. $FISV

Huntington National Bank purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 436,761 shares of the business services provider’s stock, valued at approximately $29,337,000. Huntington National Bank owned 0.08% of Fiserv at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FISV. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $1,001,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Fiserv by 7.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.0%

FISV opened at $55.62 on Thursday. The firm’s 50-day simple moving average is $57.62 and its 200-day simple moving average is $61.72. 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 twelve month low of $52.17 and a twelve month high of $177.36. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.56 and a beta of 0.84.

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, topping 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 $4.68 billion for the quarter, compared to analyst estimates 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. Equities research analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FISV has been the subject of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Mizuho dropped their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Loop Capital dropped their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, Citigroup dropped their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and an average target price of $82.97.

Fiserv 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.