BlackRock Inc. bought a new position in Fiserv, Inc. (NASDAQ:FISV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,399,822 shares of the business services provider's stock, valued at approximately $2,079,711,000. BlackRock Inc. owned about 7.95% of Fiserv as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $25,000. Kimelman & Baird LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Fiserv in the 4th quarter worth $27,000. Institutional investors own 90.98% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on FISV shares. Barclays set a $52.00 target price on shares of Fiserv and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th. Rothschild & Co Redburn dropped their price objective on Fiserv from $50.00 to $40.00 and set a "sell" rating on the stock in a research note on Tuesday, May 12th. BNP Paribas Exane cut Fiserv from a "neutral" rating to an "underperform" rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Finally, Susquehanna decreased their target price on Fiserv from $91.00 to $85.00 and set a "positive" rating for the company in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $74.17.
Read Our Latest Research Report on Fiserv
Fiserv Stock Performance
NASDAQ FISV opened at $52.08 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.88 and a beta of 0.80. The company's fifty day moving average is $51.39 and its two-hundred day moving average is $55.96. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $140.42.
Fiserv (NASDAQ:FISV - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business's revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.
Insider Activity
In other news, CFO Paul M. Todd purchased 10,060 shares of the business's stock in a transaction on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company's stock.
About Fiserv
(
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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