Forbes J M 13F: Exits Fiserv (FISV) Stake

Forbes J M completely exited its position in Fiserv, Inc. (FISV) in a filing on October 16, 2026. The fund sold 4,258 shares, cutting its stake by 100%. This sale comes as Fiserv's stock trades recently around $47.23, a level that is below both its 50-day and 200-day moving averages.

What Changed in Forbes J M's Fiserv Position

Forbes J M sold out of its entire position in Fiserv, which left it with 0 shares remaining. The move reflects a significant shift in the fund’s strategy regarding this investment.

Other Institutional Activity in Fiserv

Several other institutional investors have also adjusted their positions in Fiserv. Dodge & Cox Inc. reduced its holdings by 65,338 shares, leaving it with about 50.2 million shares valued at approximately $2.39 billion. Meanwhile, Blackrock Inc. increased its stake by 2.5 million shares, bringing its total to about 42.4 million shares worth around $2.02 billion. Vanguard Capital Management LLC trimmed its position by 16,562 shares, ending with about 33.1 million shares valued at roughly $1.57 billion. State Street Corporation added 153,899 shares, resulting in a total of approximately 23.8 million shares worth about $1.13 billion. Lastly, Harris Associates L.P. boosted its holdings by 2.5 million shares, raising its total to about 22.2 million shares valued at around $1.06 billion.

Fiserv, Inc. Stock Holds Steady

Fiserv's stock is currently trading at $47.23, which is well below its 52-week high of $128.78 and is also significantly under its average price targets. The recent trading level is about 4.7% below the 50-day moving average and 15.3% below the 200-day moving average, indicating a downward trend in its stock performance.

Recent Earnings

Fiserv reported trailing twelve-month revenue of approximately $2.53 billion, with a P/E ratio of 9.1. The company’s next earnings report is expected on November 3, 2026, which could provide further insights into its financial position and market strategy.

Insider Buying and Selling at Fiserv, Inc.

In recent months, several insiders bought shares of Fiserv. Officer Adam L Rosman purchased 10,150 shares on June 16, 2026, at an average price of $49.33, totaling about $500,700. On June 17, 2026, CFO Paul M Todd acquired 10,060 shares for approximately $499,982 at an average price of $49.70, while Director Wafaa Mamilli bought 2,960 shares for around $149,746 at an average price of $50.59. Additionally, Director Lance M Fritz acquired 10,000 shares on August 7, 2026, at an average price of $51.95 for about $519,500.

Analysts Set New Price Targets

In recent analyst updates, Oppenheimer downgraded Fiserv to a Perform rating on October 8, 2026. On October 9, TD Cowen maintained a Hold rating with a target price of $49, down from $55, while Barclays also held an Equal-Weight rating with a target of $50, reduced from $52. On October 16, both Citigroup and Cantor Fitzgerald maintained Neutral ratings with price targets of $53 and $48, respectively.

About Fiserv

Fiserv, Inc. provides technology solutions for financial institutions and businesses, focusing on payment processing and financial management software. The recent changes in holdings from major investors highlight ongoing shifts in the market's confidence in the company.

Bottom Line

Investors should keep an eye on Fiserv's upcoming earnings report on November 3, 2026, to understand better its future direction. Remember, the 13F filings reveal positions as of the end of the reporting period and may not reflect current holdings.