Empowered Funds LLC Acquires New Position in Fiserv, Inc. $FISV

Empowered Funds LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,138 shares of the business services provider’s stock, valued at approximately $1,674,000.

A number of other large investors also recently bought and sold shares of FISV. United Capital Financial Advisors LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $1,383,000. Caitlin John LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at approximately $45,000. Equitable Holdings Inc. acquired a new stake in shares of Fiserv during the 2nd quarter valued at approximately $691,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Fiserv during the 2nd quarter valued at approximately $8,171,000. Finally, Transamerica Financial Advisors LLC bought a new position in Fiserv during the second quarter worth $63,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Cantor Fitzgerald reissued a “neutral” rating and set a $53.00 target price on shares of Fiserv in a report on Monday. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Stephens reaffirmed an “equal weight” rating and issued a $57.00 price target on shares of Fiserv in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $59.00 price objective on shares of Fiserv in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.20.

Get Our Latest Report on Fiserv

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by company insiders.

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 company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 3.91 and a beta of 0.80. The company has a 50-day moving average price of $52.15 and a two-hundred day moving average price of $55.34.

Fiserv (NASDAQ:FISVGet Free Report) last released its quarterly 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). The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

Fiserv Company 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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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