Smithbridge Asset Management Inc. DE Takes Position in Fiserv, Inc. $FISV

Smithbridge Asset Management Inc. DE purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 124,200 shares of the business services provider’s stock, valued at approximately $8,343,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC lifted its holdings 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 acquiring an additional 98 shares during the period. Bison Wealth LLC lifted its holdings in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the period. ROI Financial Advisors LLC lifted its holdings in shares of Fiserv by 10.3% during the 3rd quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock worth $241,000 after acquiring an additional 175 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Fiserv by 3.5% during the 3rd quarter. WASHINGTON TRUST Co now owns 5,172 shares of the business services provider’s stock worth $667,000 after acquiring an additional 175 shares during the period. Finally, Notis McConarty Edward lifted its position in shares of Fiserv by 0.5% during the 3rd quarter. Notis McConarty Edward now owns 35,840 shares of the business services provider’s stock worth $4,621,000 after buying an additional 185 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FISV has been the subject of several recent analyst reports. Cantor Fitzgerald dropped their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. BMO Capital Markets upped their price objective on Fiserv from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Tigress Financial restated a “buy” rating and set a $95.00 price objective on shares of Fiserv in a research report on Wednesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Finally, B. Riley Financial dropped their price objective 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. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $82.23.

Fiserv Price Performance

FISV stock opened at $53.28 on Thursday. The company has a fifty day moving average price of $57.41 and a 200-day moving average price of $61.20. The company has a market capitalization of $28.41 billion, a P/E ratio of 9.03, a PEG ratio of 1.51 and a beta of 0.79. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. 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 (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (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 firm had revenue of $4.68 billion during the quarter, compared to the consensus estimate 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. As a group, equities analysts expect that Fiserv, Inc. will post 8.14 EPS for the current year.

About Fiserv

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.