First Trust Advisors LP Purchases 95,208 Shares of Fiserv, Inc. $FISV

First Trust Advisors LP raised its position in Fiserv, Inc. (NASDAQ:FISV) by 95.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,202 shares of the business services provider’s stock after purchasing an additional 95,208 shares during the quarter. First Trust Advisors LP’s holdings in Fiserv were worth $10,892,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FISV. WFA of San Diego LLC bought a new stake in shares of Fiserv in the second quarter worth $55,000. Oakworth Capital Inc. bought a new position in Fiserv in the fourth quarter valued at $25,000. Private Wealth Asset Management LLC bought a new position in Fiserv in the fourth quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in Fiserv in the 4th quarter valued at $27,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Fiserv in the 4th quarter valued at $27,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays initiated coverage on shares of Fiserv in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price objective for the company. Wells Fargo & Company set a $56.00 target price on Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Mizuho dropped their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. UBS Group set a $65.00 price target on Fiserv and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley raised their price target on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $76.57.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction that occurred on 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 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

Shares of FISV opened at $53.94 on Friday. The company has a market cap of $28.76 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The firm has a 50-day moving average of $51.97 and a 200-day moving average of $57.22. Fiserv, Inc. has a one year low of $47.04 and a one year high of $141.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISV) last issued 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The firm’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. As a group, equities analysts forecast that Fiserv, Inc. will post 8.13 earnings per share for the current year.

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.