277,436 Shares in Fiserv, Inc. $FISV Acquired by TD Asset Management Inc

TD Asset Management Inc bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, HoldingsChannel.com reports. The fund bought 277,436 shares of the business services provider’s stock, valued at approximately $18,635,000.

Several other institutional investors have also recently made changes to their positions in FISV. Vanguard Group Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $3,507,063,000. Geode Capital Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $854,215,000. Norges Bank purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $555,964,000. Capital World Investors increased its holdings 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 valued at $3,324,073,000 after purchasing an additional 6,714,536 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $250,877,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group cut their target price on shares of Fiserv from $79.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, April 13th. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.23.

Fiserv Price Performance

Fiserv stock opened at $54.43 on Monday. The company’s fifty day moving average price is $57.49 and its 200 day moving average price is $61.36. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36. The stock has a market capitalization of $29.02 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.52 and a beta of 0.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NASDAQ:FISV) last released its quarterly 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 firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal 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.