Madison Asset Management LLC Purchases 31,100 Shares of Fiserv, Inc. $FISV

Madison Asset Management LLC boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 39.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,600 shares of the business services provider’s stock after buying an additional 31,100 shares during the period. Madison Asset Management LLC’s holdings in Fiserv were worth $6,171,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new stake in Fiserv in the first quarter valued at approximately $120,000. Ridgepath Capital Management LLC grew its stake in Fiserv by 10.5% in the 1st quarter. Ridgepath Capital Management LLC now owns 7,994 shares of the business services provider’s stock worth $446,000 after buying an additional 761 shares in the last quarter. Cannon Capital Management Inc. purchased a new position in Fiserv in the 1st quarter worth approximately $899,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Fiserv by 58.8% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,535 shares of the business services provider’s stock worth $532,000 after buying an additional 3,532 shares during the last quarter. Finally, SEB Asset Management AB bought a new position in shares of Fiserv in the 1st quarter worth $6,210,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FISV. Susquehanna reaffirmed a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price target on Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Loop Capital cut their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, Truist Financial set a $58.00 price objective on Fiserv and gave the company a “hold” rating in a research report on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $77.23.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Fiserv Price Performance

FISV stock opened at $50.61 on Wednesday. The firm has a market cap of $26.99 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.45 and a beta of 0.82. The firm’s fifty day moving average is $52.40 and its 200 day moving average is $58.01. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $167.39. 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 posted 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. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv’s quarterly 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 predict that Fiserv, Inc. will post 8.13 earnings per share 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.