B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,640 shares of the business services provider's stock, valued at approximately $963,000.
Other large investors also recently modified their holdings of the company. Mystic Asset Management Inc. purchased a new position in shares of Fiserv in the second quarter worth $873,000. Hara Capital LLC purchased a new stake in Fiserv during the 2nd quarter valued at $309,000. Tejara Capital Ltd purchased a new stake in Fiserv during the 2nd quarter valued at $2,654,000. Vise Technologies Inc. bought a new stake in Fiserv in the 2nd quarter worth $448,000. Finally, Algebris UK Ltd. bought a new stake in Fiserv in the 2nd quarter worth $10,070,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Price Performance
Shares of Fiserv stock opened at $52.58 on Monday. Fiserv, Inc. has a one year low of $47.04 and a one year high of $140.09. 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 has a market cap of $27.96 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.95 and a beta of 0.80. The stock's fifty day moving average is $51.33 and its 200 day moving average is $55.80.
Fiserv (NASDAQ:FISV - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share 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 the consensus estimate of $5.04 billion. The firm's quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that Fiserv, Inc. will post 7.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FISV. UBS Group set a $60.00 target price on shares of Fiserv and gave the company a "neutral" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Zacks Research lowered shares of Fiserv from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. BMO Capital Markets restated a "market perform" rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Fiserv from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Six 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's stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Hold" and an average price target of $74.20.
Check Out Our Latest Stock Report on Fiserv
Insiders Place Their Bets
In related news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The shares were bought 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 in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares of the company's stock, valued at $1,413,403.65. This represents a 58.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company's stock.
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.
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