Monaco Asset Management SAM Makes New Investment in Fiserv, Inc. $FISV

Monaco Asset Management SAM purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the business services provider’s stock, valued at approximately $672,000.

Several other institutional investors have also recently made changes to their positions in the business. Peapack Gladstone Financial Corp purchased a new stake in shares of Fiserv during the fourth quarter worth about $652,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $245,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $247,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Fiserv during the fourth quarter worth about $12,665,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Fiserv during the fourth quarter worth about $1,481,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FISV shares. Citigroup cut their target price on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. JPMorgan Chase & Co. cut their target price on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. BMO Capital Markets increased their target price on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Morgan Stanley increased their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Company cut their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, March 27th. Nine investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $82.80.

Fiserv Price Performance

Shares of Fiserv stock opened at $56.56 on Monday. The stock has a 50 day moving average of $57.56 and a 200 day moving average of $61.62. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36. The firm has a market cap of $30.16 billion, a PE ratio of 9.59, a PEG ratio of 1.58 and a beta of 0.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 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 analyst estimates of $4.73 billion. Fiserv’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. On average, research analysts expect that Fiserv, Inc. will post 8.14 EPS for the current fiscal 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.