QRG Capital Management Inc. Boosts Position in Fiserv, Inc. $FISV

by · The Markets Daily

QRG Capital Management Inc. raised its position in Fiserv, Inc. (NASDAQ:FISVFree Report) by 86.2% during the 1st quarter, Holdings Channel reports. The firm owned 34,932 shares of the business services provider’s stock after acquiring an additional 16,172 shares during the quarter. QRG Capital Management Inc.’s holdings in Fiserv were worth $1,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth about $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. American National Bank & Trust purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Kimelman & Baird LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. Finally, Goodman Advisory Group LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv News Roundup

Here are the key news stories impacting Fiserv this week:

Fiserv Trading Up 3.9%

Shares of NASDAQ:FISV traded up $2.01 during trading on Tuesday, reaching $53.79. The stock had a trading volume of 4,892,853 shares, compared to its average volume of 7,868,315. The business has a fifty day moving average price of $54.24 and a 200-day moving average price of $59.42. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $28.68 billion, a P/E ratio of 9.12, a PEG ratio of 1.46 and a beta of 0.82. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $173.50.

Fiserv (NASDAQ:FISVGet Free Report) last announced its earnings results on Tuesday, May 5th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business’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. As a group, analysts anticipate that Fiserv, Inc. will post 8.14 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

FISV has been the topic of several research reports. B. Riley Financial lowered their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. 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. Morgan Stanley upped their target price on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Mizuho dropped their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average price target of $82.20.

Check Out Our Latest Stock Report on FISV

Fiserv Profile

(Free Report)

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.

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