Puzo Michael J Sells 17,115 Shares of Fiserv, Inc. $FISV

Puzo Michael J cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 28.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 43,973 shares of the business services provider’s stock after selling 17,115 shares during the quarter. Puzo Michael J’s holdings in Fiserv were worth $2,454,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FISV. Chicago Capital LLC bought a new stake in Fiserv during the fourth quarter worth about $1,316,000. ZWJ Investment Counsel Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new position in Fiserv in the fourth quarter valued at approximately $4,127,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiserv during the 4th quarter worth approximately $14,907,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $1,996,000. 90.98% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

FISV has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a report on Friday, June 5th. Citigroup reaffirmed a “neutral” rating and set a $57.00 price target (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. B. Riley Financial cut their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $78.00 price objective on shares of Fiserv in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $77.23.

Fiserv Stock Up 2.1%

FISV stock opened at $51.68 on Tuesday. 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 market capitalization of $27.56 billion, a PE ratio of 8.76, a PEG ratio of 1.42 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $167.39. The business’s 50 day simple moving average is $52.49 and its 200 day simple moving average is $58.12.

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, beating analysts’ consensus estimates of $1.57 by $0.22. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.73 billion. 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, research analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.

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.