Palisade Asset Management LLC Buys Shares of 12,353 Fiserv, Inc. $FISV

Palisade Asset Management LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 4th quarter, HoldingsChannel reports. The fund bought 12,353 shares of the business services provider’s stock, valued at approximately $830,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Chicago Capital LLC bought a new stake in Fiserv during the fourth quarter valued at $1,316,000. Vulcan Value Partners LLC acquired a new position in shares of Fiserv during the third quarter valued at $103,398,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $1,141,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Fiserv during the fourth quarter valued at $4,127,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Fiserv during the fourth quarter valued at $14,907,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FISV shares. Susquehanna reissued a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Robert W. Baird set a $78.00 price target on shares of Fiserv in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price target on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, March 27th. Rothschild & Co Redburn reduced their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Finally, Loop Capital reduced their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Fiserv Stock Performance

FISV stock opened at $53.78 on Monday. The company has a market capitalization of $28.68 billion, a P/E ratio of 9.12, a PEG ratio of 1.51 and a beta of 0.80. The company has a 50-day simple moving average of $57.33 and a 200 day simple moving average of $61.10. Fiserv, Inc. has a fifty-two week low of $51.78 and a fifty-two week high of $177.36. 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 (NASDAQ:FISV) last posted its quarterly earnings data 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 during 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 business’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. Sell-side analysts predict that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal 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.