Wealthfront Advisers LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 45,735 shares of the business services provider’s stock, valued at approximately $2,243,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $3,507,063,000. Dodge & Cox purchased a new stake in shares of Fiserv during the fourth quarter worth $3,323,210,000. BlackRock Inc. purchased a new stake in shares of Fiserv during the second quarter worth $2,079,711,000. State Street Corp bought a new position in shares of Fiserv in the fourth quarter worth $1,588,663,000. Finally, Geode Capital Management LLC bought a new position in shares of Fiserv in the fourth quarter worth $854,215,000. 90.98% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on FISV shares. B. Riley Financial decreased their price objective on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. UBS Group set a $60.00 price target on Fiserv and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Susquehanna lowered their price target on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average target price of $74.20.
Fiserv Trading Down 1.3%
Shares of FISV stock opened at $51.38 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $140.19. The company has a market capitalization of $27.32 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 3.91 and a beta of 0.80. The business’s fifty day moving average is $51.36 and its 200 day moving average is $55.87.
Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.
Insider Activity
In related news, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is currently owned by 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.
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