New Mexico Educational Retirement Board Purchases New Stake in Fiserv, Inc. $FISV

New Mexico Educational Retirement Board purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,516 shares of the business services provider’s stock, valued at approximately $1,714,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Oakworth Capital Inc. acquired a new position in Fiserv in the fourth quarter valued at about $25,000. American National Bank & Trust acquired a new position in Fiserv in the fourth quarter valued at about $27,000. Kimelman & Baird LLC acquired a new position in Fiserv in the fourth quarter valued at about $27,000. Mendota Financial Group LLC acquired a new position in Fiserv in the fourth quarter valued at about $28,000. Finally, Capital Advisors Ltd. LLC acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Morgan Stanley boosted 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. Rothschild & Co Redburn lowered their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Truist Financial set a $58.00 target price on Fiserv and gave the stock a “hold” rating in a research note on Friday. Finally, Compass Point lowered their target price on Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $82.80.

Fiserv Stock Performance

NASDAQ:FISV opened at $56.46 on Wednesday. The stock has a market cap of $30.11 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.79. 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 stock’s 50-day moving average is $57.60 and its 200-day moving average is $61.59. Fiserv, Inc. has a 1-year low of $52.17 and a 1-year high of $177.36.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fiserv had a return on equity of 17.46% and a net margin of 15.17%.Fiserv’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. Equities research analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share 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.