Lee Danner & Bass Inc. Acquires 47,350 Shares of Fiserv, Inc. $FISV

Lee Danner & Bass Inc. boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 104.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,853 shares of the business services provider’s stock after buying an additional 47,350 shares during the period. Lee Danner & Bass Inc.’s holdings in Fiserv were worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Parrish Capital LLC increased its position in shares of Fiserv by 21.5% during the first quarter. Parrish Capital LLC now owns 9,520 shares of the business services provider’s stock valued at $531,000 after buying an additional 1,683 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Fiserv by 23.1% in the first quarter. Praxis Investment Management Inc. now owns 16,942 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 3,178 shares during the period. Hudson Edge Investment Partners Inc. boosted its position in shares of Fiserv by 18.4% in the first quarter. Hudson Edge Investment Partners Inc. now owns 118,898 shares of the business services provider’s stock valued at $6,635,000 after acquiring an additional 18,483 shares during the period. Koshinski Asset Management Inc. grew its stake in Fiserv by 11.1% during the first quarter. Koshinski Asset Management Inc. now owns 3,738 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 374 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Fiserv by 86.2% during the 1st quarter. QRG Capital Management Inc. now owns 34,932 shares of the business services provider’s stock worth $1,949,000 after acquiring an additional 16,172 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $52.33 on Friday. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $175.92. The firm has a market capitalization of $27.90 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $54.24 and a 200 day moving average of $59.49.

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 the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during 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 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. On average, research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on FISV shares. Truist Financial set a $58.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research note on Friday, May 29th. BMO Capital Markets increased their price objective on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. B. Riley Financial dropped their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley upped their target price on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.23.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, 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 SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

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.