Fiserv, Inc. $FISV Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 36.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,128 shares of the business services provider’s stock after acquiring an additional 24,533 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fiserv were worth $5,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the fourth quarter valued at $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FISV. Rothschild & Co Redburn decreased their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company reduced their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. B. Riley Financial decreased their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Tigress Financial reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Fiserv in a research report on Wednesday, March 11th. Finally, Robert W. Baird set a $78.00 target price on Fiserv in a research note on Wednesday, May 6th. Nine equities 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. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average price target of $82.23.

Fiserv Stock Performance

Shares of FISV stock opened at $52.33 on Monday. Fiserv, Inc. has a one year low of $47.04 and a one year high of $175.92. 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 50 day moving average price of $54.24 and a 200 day moving average price of $59.42. 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.

Fiserv (NASDAQ:FISV) last posted its quarterly 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 the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 8.14 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

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.