PNC Financial Services Group Inc. Has $8.04 Million Stock Holdings in Fiserv, Inc. $FISV

PNC Financial Services Group Inc. trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,120 shares of the business services provider’s stock after selling 19,266 shares during the period. PNC Financial Services Group Inc.’s holdings in Fiserv were worth $8,042,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FISV. Oakworth Capital Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at $25,000. Private Wealth Asset Management LLC bought a new stake in Fiserv in the fourth quarter worth $25,000. American National Bank & Trust acquired a new position in Fiserv during the fourth quarter worth $27,000. Kimelman & Baird LLC acquired a new position in Fiserv during the fourth quarter worth $27,000. Finally, Goodman Advisory Group LLC bought a new position in Fiserv during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $51.02 on Monday. The company has a market cap of $27.21 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.43 and a beta of 0.82. The stock’s 50-day moving average is $52.21 and its 200-day moving average is $57.67. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $144.05. 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 released its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.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. Equities research analysts predict that Fiserv, Inc. will post 8.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $60.00 price target (down from $70.00) on shares of Fiserv in a research report on Thursday, July 9th. UBS Group set a $65.00 price objective on Fiserv and gave the company a “neutral” rating in a report on Wednesday, May 6th. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a research note on Friday, June 5th. TD Cowen reduced their target price on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. Six analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.57.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Fiserv Company 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.