Kentucky Retirement Systems Insurance Trust Fund Invests $956,000 in Fiserv, Inc. $FISV

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 14,236 shares of the business services provider’s stock, valued at approximately $956,000.

Other large investors have also modified their holdings of the company. Oakworth Capital Inc. bought a new position in shares of Fiserv during the fourth quarter worth about $25,000. American National Bank & Trust acquired a new stake in Fiserv during the fourth quarter worth about $27,000. Kimelman & Baird LLC acquired a new stake in Fiserv during the fourth quarter worth about $27,000. Mendota Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth about $28,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Rothschild & Co Redburn dropped their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. UBS Group set a $65.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. B. Riley Financial dropped their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. TD Cowen reiterated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Finally, Citigroup dropped their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $82.80.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $56.56 on Monday. The firm’s 50 day moving average is $57.56 and its two-hundred day moving average is $61.62. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36. The firm has a market capitalization of $30.16 billion, a P/E ratio of 9.59, a PEG ratio of 1.58 and a beta of 0.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.57 by $0.22. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.73 billion. 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. Analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current year.

Fiserv 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.