ProShare Advisors LLC Purchases New Position in Fiserv, Inc. $FISV

ProShare Advisors LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 118,655 shares of the business services provider’s stock, valued at approximately $7,970,000.

Several other large investors have also added to or reduced their stakes in FISV. Vanguard Group Inc. bought a new position in Fiserv in the 4th quarter valued at about $3,507,063,000. Capital World Investors lifted its position in shares of Fiserv by 35.2% during the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fiserv during the 4th quarter worth approximately $223,136,000. Pittenger & Anderson Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $193,349,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Fiserv during the 4th quarter worth approximately $174,502,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 1.0%

Shares of FISV stock opened at $55.82 on Friday. The company has a 50 day moving average of $57.69 and a 200-day moving average of $61.93. 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 12-month low of $52.17 and a 12-month high of $177.36. The firm has a market cap of $29.77 billion, a P/E ratio of 9.46, a PEG ratio of 1.58 and a beta of 0.84.

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 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 company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. The company’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. Sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FISV. Morgan Stanley dropped their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Raymond James Financial cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Finally, Northcoast Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus price target of $82.97.

Fiserv 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.