205,954 Shares in Fiserv, Inc. $FISV Acquired by Algebris UK Ltd.

Key Points

• Algebris UK Ltd. acquired 205,954 Fiserv shares during the second quarter, valued at approximately $10.1 million. Institutional investors collectively own 90.98% of the company’s stock.
• Fiserv’s CFO and a director also purchased shares, increasing their respective holdings, although company insiders own just 0.06% of the stock.
• Fiserv recently missed quarterly earnings and revenue expectations, with revenue down 4.1% year over year. Analysts maintain a consensus “Hold” rating, with an average price target of $74.17.

Algebris UK Ltd. bought a new stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 205,954 shares of the business services provider's stock, valued at approximately $10,070,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. Vanguard Group Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $3,507,063,000. Dodge & Cox purchased a new position in Fiserv in the fourth quarter worth $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv in the second quarter worth $2,079,711,000. State Street Corp bought a new position in Fiserv in the fourth quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC purchased a new stake in Fiserv during the fourth quarter valued at about $854,215,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insiders Place Their Bets

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company's stock, valued at $1,413,403.65. This trade 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 Stock Performance

NASDAQ:FISV opened at $52.08 on Thursday. The firm has a market cap of $27.69 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $140.42. 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 business has a 50 day moving average price of $51.39 and a 200-day moving average price of $55.96.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $5.04 billion. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Raymond James Financial reiterated a "market perform" rating on shares of Fiserv in a report on Tuesday, July 7th. Morgan Stanley set a $59.00 target price on Fiserv in a research report on Friday, August 7th. Mizuho cut their target price on Fiserv from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, May 6th. Stephens reiterated an "equal weight" rating and set a $57.00 price target on shares of Fiserv in a research report on Tuesday, August 11th. Finally, B. Riley Financial decreased their price target on shares of Fiserv from $69.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $74.17.

Fiserv 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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