Intech Investment Management LLC Invests $29.43 Million in Fiserv, Inc. $FISV

Intech Investment Management LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 438,103 shares of the business services provider’s stock, valued at approximately $29,427,000. Intech Investment Management LLC owned approximately 0.08% of Fiserv at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Chicago Capital LLC acquired a new stake in Fiserv in the fourth quarter valued at $1,316,000. AGF Management Ltd. raised its holdings in Fiserv by 55.4% in the third quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock valued at $25,080,000 after acquiring an additional 69,383 shares in the last quarter. National Pension Service raised its holdings in Fiserv by 2.6% in the third quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock valued at $157,001,000 after acquiring an additional 30,951 shares in the last quarter. Machina Capital S.A.S. raised its holdings in Fiserv by 256.8% in the third quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after acquiring an additional 33,949 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Fiserv by 4.2% in the third quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock valued at $121,557,000 after acquiring an additional 38,167 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FISV has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research note on Wednesday, May 6th. Stephens lowered their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $82.97.

Fiserv Stock Up 0.4%

Fiserv stock opened at $55.83 on Friday. The company has a 50-day simple moving average of $57.57 and a 200-day simple moving average of $61.67. The firm has a market capitalization of $29.77 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.56 and a beta of 0.84. 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 one year low of $52.17 and a one year high of $177.36.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s quarterly 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. As a group, equities analysts expect that Fiserv, Inc. will post 8.14 earnings per share for the current year.

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.