LB Partners LLC Invests $1.51 Million in Fiserv, Inc. $FISV

LB Partners LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,000 shares of the business services provider’s stock, valued at approximately $1,507,000. Fiserv comprises about 1.4% of LB Partners LLC’s holdings, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in FISV. Vanguard Group Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $3,507,063,000. Dodge & Cox bought a new stake in shares of Fiserv in the 4th quarter valued at about $3,323,210,000. State Street Corp bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,588,663,000. Geode Capital Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $854,215,000. Finally, Amundi bought a new position in Fiserv during the fourth quarter worth about $825,819,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FISV. Susquehanna reissued a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. B. Riley Financial cut their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Loop Capital decreased their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Nine investment 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, Fiserv presently has an average rating of “Hold” and an average target price of $82.23.

Fiserv Trading Up 3.4%

Shares of FISV stock opened at $50.73 on Thursday. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92. The company has a market capitalization of $27.05 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82. The firm has a 50 day moving average price of $54.68 and a two-hundred day moving average price of $59.65. 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 announced its 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 $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The company’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, analysts predict that Fiserv, Inc. will post 8.14 earnings per share 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.