Vestcor Inc Acquires New Holdings in Fiserv, Inc. $FISV

Vestcor Inc bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 10,554 shares of the business services provider’s stock, valued at approximately $709,000.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Capital LLC bought a new stake in shares of Fiserv in the fourth quarter worth $1,316,000. Vulcan Value Partners LLC bought a new position in Fiserv in the third quarter valued at about $103,398,000. Blume Capital Management Inc. lifted its holdings in Fiserv by 785.7% in the third quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock valued at $3,249,000 after acquiring an additional 22,352 shares during the period. ZWJ Investment Counsel Inc. purchased a new position in Fiserv in the fourth quarter worth about $1,141,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Fiserv during the 4th quarter valued at about $4,127,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 3.1%

Shares of Fiserv stock opened at $52.72 on Tuesday. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $28.11 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.52 and a beta of 0.80. The company has a fifty day moving average of $57.44 and a 200 day moving average of $61.30.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating 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 return on equity of 17.46% and a net margin of 15.17%.The firm’s 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. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FISV shares. B. Riley Financial lowered their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a report on Wednesday, May 6th. Royal Bank Of Canada set a $75.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Compass Point decreased their target price on Fiserv from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Finally, Citigroup reduced their price target on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus price target of $82.23.

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.