QRG Capital Management Inc. Sells 123,785 Shares of Fiserv, Inc. $FISV

QRG Capital Management Inc. lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 73.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,885 shares of the business services provider’s stock after selling 123,785 shares during the period. QRG Capital Management Inc.’s holdings in Fiserv were worth $5,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FISV. Brighton Jones LLC increased its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its position in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Fiserv by 26.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 177,458 shares of the business services provider’s stock valued at $31,153,000 after purchasing an additional 37,144 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Fiserv by 10.1% in the 2nd quarter. Moody National Bank Trust Division now owns 9,096 shares of the business services provider’s stock worth $1,568,000 after buying an additional 834 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Fiserv in the 2nd quarter worth about $1,735,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FISV stock opened at $66.29 on Friday. The company’s 50 day moving average is $65.69 and its 200 day moving average is $109.14. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $36.03 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 2.67 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.30 earnings per share. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 target price on shares of Fiserv in a research report on Thursday, December 4th. BNP Paribas downgraded Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Wednesday, November 5th. Cowen reiterated a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Finally, KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.92.

Insiders Place Their Bets

In other news, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by corporate insiders.

Fiserv Company 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.