Welch & Forbes LLC Takes $37.44 Million Position in Fiserv, Inc. $FISV

Welch & Forbes LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 557,384 shares of the business services provider’s stock, valued at approximately $37,440,000.

Several other institutional investors and hedge funds have also made changes to their positions in FISV. Vanguard Group Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at $3,507,063,000. Geode Capital Management LLC bought a new position in Fiserv during the 4th quarter valued at $854,215,000. Norges Bank bought a new position in Fiserv during the 4th quarter valued at $555,964,000. Capital World Investors boosted its stake in Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Fiserv during the 4th quarter valued at $250,877,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of research analyst reports. TD Cowen reiterated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Stephens reduced their price objective on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Cantor Fitzgerald reduced their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company reduced their price objective on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. Finally, Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $82.80.

Fiserv Stock Up 1.3%

Shares of NASDAQ:FISV opened at $56.56 on Friday. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36. The company’s fifty day moving average is $57.56 and its two-hundred day moving average is $61.63. 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 (NASDAQ:FISV) last issued its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s revenue for the quarter was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

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.