45,735 Shares in Fiserv, Inc. $FISV Bought by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers purchased 45,735 Fiserv shares in the second quarter, worth approximately $2.24 million. Institutional investors collectively own 90.98% of the company.
• Analyst sentiment remains cautious, with 26 Hold, six Buy, and three Sell ratings. Fiserv has a consensus rating of Hold, while several firms recently lowered their price targets.
• Fiserv’s latest quarterly results missed expectations: earnings per share came in at $1.84 versus the $1.91 consensus, while revenue fell 4.1% year over year to $4.96 billion. Two insiders, including the CFO and a director, recently bought shares.

Wealthfront Advisers LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,735 shares of the business services provider's stock, valued at approximately $2,243,000.

Several other large investors have also bought and sold shares of the stock. WFA of San Diego LLC bought a new stake in shares of Fiserv in the 2nd quarter worth $55,000. Oakworth Capital Inc. bought a new position in shares of Fiserv during the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in Fiserv during the fourth quarter worth about $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Fiserv during the fourth quarter worth about $27,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Citigroup restated a "neutral" rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Morgan Stanley set a $59.00 target price on Fiserv in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. dropped their price target on Fiserv from $62.00 to $60.00 and set a "neutral" 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 given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $74.20.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were purchased 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 in the company, valued at $1,413,403.65. This represents a 58.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd purchased 10,060 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, for a total transaction 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. The trade was a 5.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

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. The firm has a market cap of $27.32 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 3.91 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.19. The firm's 50-day simple moving average is $51.36 and its two-hundred day simple moving average is $55.87.

Fiserv (NASDAQ:FISV - Get Free Report) last released 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 net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 7.27 earnings per share for the current year.

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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