Fifth Third Bancorp Has $8.65 Million Stake in Fiserv, Inc. $FISV

Fifth Third Bancorp lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 133.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,075 shares of the business services provider’s stock after purchasing an additional 88,657 shares during the period. Fifth Third Bancorp’s holdings in Fiserv were worth $8,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FISV. Banyan Capital Management Inc. lifted its position in Fiserv by 3.6% during the first quarter. Banyan Capital Management Inc. now owns 93,358 shares of the business services provider’s stock worth $5,209,000 after purchasing an additional 3,274 shares during the period. Barnett & Company Inc. raised its position in shares of Fiserv by 8.6% in the 1st quarter. Barnett & Company Inc. now owns 5,700 shares of the business services provider’s stock valued at $318,000 after buying an additional 450 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Fiserv by 45.5% during the 1st quarter. Independence Bank of Kentucky now owns 15,575 shares of the business services provider’s stock worth $869,000 after acquiring an additional 4,872 shares during the period. KLCM Advisors Inc. lifted its holdings in shares of Fiserv by 143.9% during the 1st quarter. KLCM Advisors Inc. now owns 84,714 shares of the business services provider’s stock worth $4,727,000 after acquiring an additional 49,974 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in shares of Fiserv by 38.7% during the 1st quarter. Kestra Advisory Services LLC now owns 76,593 shares of the business services provider’s stock worth $4,274,000 after acquiring an additional 21,363 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

NASDAQ FISV opened at $50.36 on Thursday. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.39 and a beta of 0.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $168.01. The stock has a fifty day simple moving average of $52.74 and a 200 day simple moving average of $58.46.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business’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. Sell-side analysts expect that Fiserv, Inc. will post 8.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FISV shares. JPMorgan Chase & Co. reduced their target price on Fiserv from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley boosted their price target on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Rothschild & Co Redburn decreased their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Finally, Barclays started coverage on Fiserv in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.23.

Insider Buying and Selling

In other news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

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.