44,900 Shares in Fiserv, Inc. $FISV Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 44,900 shares of the business services provider’s stock, valued at approximately $3,016,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stonebridge Capital Advisors LLC increased its stake in shares of Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares during the last quarter. Bison Wealth LLC lifted its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in Fiserv by 50.3% during the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 158 shares during the period. ROI Financial Advisors LLC grew its holdings in Fiserv by 10.3% during the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 175 shares during the period. Finally, WASHINGTON TRUST Co increased its position in Fiserv by 3.5% in the third quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock worth $667,000 after buying an additional 175 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of FISV opened at $56.23 on Friday. The stock’s 50-day simple moving average is $57.54 and its 200 day simple moving average is $61.42. The stock has a market capitalization of $29.98 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.54 and a beta of 0.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36.

Fiserv (NASDAQ:FISV) last posted its 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 $4.68 billion during the quarter, compared to analyst estimates of $4.73 billion. The company’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. Research analysts forecast that Fiserv, Inc. will post 8.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Keefe, Bruyette & Woods decreased their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Cantor Fitzgerald dropped their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Tigress Financial reiterated a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research note on Wednesday, March 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 an average rating of “Hold” and an average price target of $82.80.

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.