Ilmarinen Mutual Pension Insurance Co Buys New Stake in Fiserv, Inc. $FISV

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 85,000 shares of the business services provider’s stock, valued at approximately $5,709,000.

Several other institutional investors have also added to or reduced their stakes in FISV. Brighton Jones LLC grew its holdings in Fiserv by 91.9% during 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 grew its holdings in Fiserv by 5.3% during 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. grew its holdings in Fiserv by 21.0% during 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 purchased a new position in Fiserv during the 2nd quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL boosted its holdings 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 worth $897,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FISV opened at $55.83 on Friday. The business has a fifty day moving average of $57.57 and a 200 day moving average of $61.67. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. 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 cap of $29.77 billion, a P/E ratio of 9.46, a PEG ratio of 1.56 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company had revenue of $4.68 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. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a report on Friday, April 24th. Compass Point cut their price objective on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Finally, Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average price target of $82.97.

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.