Lazard Asset Management LLC Buys 163,325 Shares of Fiserv, Inc. $FISV

Lazard Asset Management LLC lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.8% during the 1st quarter, HoldingsChannel reports. The fund owned 2,555,482 shares of the business services provider’s stock after purchasing an additional 163,325 shares during the period. Lazard Asset Management LLC’s holdings in Fiserv were worth $142,596,000 at the end of the most recent reporting period.

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

Fiserv Stock Performance

Shares of FISV opened at $51.02 on Monday. 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 stock has a 50-day moving average of $52.21 and a 200-day moving average of $57.67. The company has a market cap of $27.21 billion, a PE ratio of 8.65, a P/E/G ratio of 1.43 and a beta of 0.82. Fiserv, Inc. has a one year low of $47.04 and a one year high of $144.05.

Fiserv (NASDAQ:FISV) last posted its quarterly 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 business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’s revenue for the quarter 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, equities research analysts predict that Fiserv, Inc. will post 8.13 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on FISV shares. Susquehanna reaffirmed a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. TD Cowen cut their price objective on Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets reissued a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday. Citigroup restated a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Finally, Morgan Stanley lifted their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.57.

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.