Redmond Asset Management LLC Makes New Investment in Fiserv, Inc. $FISV

Redmond Asset Management LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 39,570 shares of the business services provider’s stock, valued at approximately $2,658,000.

Other institutional investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $30,000. WFA of San Diego LLC bought a new position in shares of Fiserv during the second quarter valued at approximately $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. Finally, American National Bank & Trust bought a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of FISV stock opened at $55.62 on Thursday. Fiserv, Inc. has a 12-month low of $52.17 and a 12-month high of $177.36. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The business has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $61.72. 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 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 company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. Fiserv’s quarterly revenue 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 anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on FISV. Loop Capital lowered their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a report on Friday, May 15th. The Goldman Sachs Group lowered their target price on Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. lowered their target price on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, Wells Fargo & Company lowered their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.