Associated Banc Corp Invests $10.50 Million in Fiserv, Inc. $FISV

Associated Banc Corp purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 156,340 shares of the business services provider’s stock, valued at approximately $10,501,000.

Other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in Fiserv in the 3rd quarter valued at about $30,000. Westfuller Advisors LLC bought a new stake in Fiserv in the 3rd quarter valued at about $36,000. WFA of San Diego LLC bought a new stake in Fiserv in the 2nd quarter valued at about $55,000. Oakworth Capital Inc. bought a new stake in Fiserv in the 4th quarter valued at about $25,000. Finally, Kimelman & Baird LLC bought a new stake in Fiserv in the 4th quarter valued at about $27,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on FISV shares. Mizuho cut their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Loop Capital cut their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Susquehanna reiterated a “positive” rating and issued a $91.00 price objective (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, BNP Paribas Exane lowered their target price on shares of Fiserv from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Nine analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $82.97.

Fiserv Stock Performance

Fiserv stock opened at $57.13 on Friday. The firm’s 50 day simple moving average is $57.66 and its 200-day simple moving average is $61.90. The company has a market cap of $30.46 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. 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, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.68 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 firm’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. As a group, equities research analysts predict that Fiserv, Inc. will post 8.14 EPS for the current year.

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.