12,499 Shares in Fiserv, Inc. $FISV Bought by Man Group plc

Man Group plc acquired a new position in Fiserv, Inc. (NASDAQ:FISVFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,499 shares of the business services provider’s stock, valued at approximately $613,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $55,000. Private Wealth Asset Management LLC purchased a new stake in Fiserv in the fourth quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in Fiserv in the fourth quarter worth $27,000. Tripletail Wealth Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

NASDAQ:FISV opened at $52.73 on Friday. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $138.62. The stock has a fifty day moving average of $52.15 and a 200 day moving average of $55.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $28.04 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 3.91 and a beta of 0.80.

Fiserv (NASDAQ:FISVGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% on a year-over-year basis. On average, research analysts expect that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FISV. JPMorgan Chase & Co. lowered their price objective on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a report on Friday, August 7th. Finally, Stephens reissued an “equal weight” rating and set a $57.00 target price on shares of Fiserv in a report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.20.

View Our Latest Analysis on Fiserv

Insider Buying and Selling at Fiserv

In other news, CFO Paul Todd acquired 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lance Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was 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.

About Fiserv

(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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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