34,138 Shares in Fiserv, Inc. $FISV Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 34,138 Fiserv shares worth approximately $1.67 million during the second quarter. Institutional investors collectively own 90.98% of the company.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $74.20; recent firms lowered targets and one downgraded the stock to “underperform.”
• Fiserv reported quarterly results below expectations, with adjusted EPS of $1.84 versus $1.91 expected and revenue of $4.96 billion versus $5.04 billion forecast. Revenue declined 4.1% year over year, while shares recently traded around $52.73.

Empowered Funds LLC purchased a new position in Fiserv, Inc. (NASDAQ:FISV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,138 shares of the business services provider's stock, valued at approximately $1,674,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. United Capital Financial Advisors LLC purchased a new stake in Fiserv in the second quarter valued at approximately $1,383,000. Caitlin John LLC purchased a new position in Fiserv during the second quarter worth approximately $45,000. Equitable Holdings Inc. purchased a new position in Fiserv during the second quarter worth approximately $691,000. Public Employees Retirement System of Ohio acquired a new position in shares of Fiserv in the 2nd quarter valued at $8,171,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $63,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on FISV shares. UBS Group set a $60.00 price objective on Fiserv and gave the stock a "neutral" rating in a report on Friday, August 7th. BNP Paribas Exane cut Fiserv from a "neutral" rating to an "underperform" rating and set a $46.00 target price on the stock. in a report on Friday, June 5th. Keefe, Bruyette & Woods lowered their price target on Fiserv from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Susquehanna dropped their price target on Fiserv from $91.00 to $85.00 and set a "positive" rating for the company in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on Fiserv from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has an average rating of "Hold" and a consensus price target of $74.20.

Fiserv Stock Up 1.4%

Shares of NASDAQ FISV opened at $52.73 on Friday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $138.62. The firm has a market cap of $28.04 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 3.91 and a beta of 0.80. 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 stock's 50-day simple moving average is $52.15 and its 200-day simple moving average is $55.34.

Fiserv (NASDAQ:FISV - Get Free Report) last released its quarterly 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). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity at Fiserv

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

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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