Marks Group Wealth Management Inc Makes New $3 Million Investment in Fiserv, Inc. $FISV

Marks Group Wealth Management Inc acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,729 shares of the business services provider’s stock, valued at approximately $3,004,000.

Several other hedge funds have also recently bought and sold shares of FISV. Oakworth Capital Inc. acquired a new position in Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $25,000. American National Bank & Trust acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Kimelman & Baird LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $28,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

FISV opened at $52.72 on Tuesday. Fiserv, Inc. has a one year low of $52.17 and a one year high of $177.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $57.44 and its 200-day simple moving average is $61.30. The stock has a market capitalization of $28.11 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 firm’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. Sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FISV has been the subject of several recent analyst reports. Cantor Fitzgerald dropped their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Raymond James Financial lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. 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 report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.23.

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.