Corient Private Wealth LP Purchases Shares of 614,273 Fiserv, Inc. $FISV

Corient Private Wealth LP purchased a new position in Fiserv, Inc. (NASDAQ:FISV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 614,273 shares of the business services provider's stock, valued at approximately $8,352,000. Corient Private Wealth LP owned approximately 0.12% of Fiserv as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of Fiserv during the second quarter valued at about $108,221,000. Man Group plc acquired a new stake in Fiserv in the 2nd quarter worth approximately $613,000. Roberts Glore & Co. Inc. IL purchased a new stake in Fiserv during the 2nd quarter worth approximately $278,000. Jupiter Topco LLC purchased a new stake in Fiserv during the 2nd quarter worth approximately $3,277,000. Finally, Flat Footed LLC acquired a new position in Fiserv during the 2nd quarter valued at approximately $11,772,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In related news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the firm's stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly 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. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial set a $53.00 price objective on shares of Fiserv and gave the stock a "hold" rating in a research note on Thursday, August 20th. BMO Capital Markets restated a "market perform" rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Mizuho lowered their price target on Fiserv from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Finally, UBS Group set a $60.00 price objective on Fiserv and gave the company a "neutral" rating in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $74.20.

Fiserv Stock Performance

Shares of Fiserv stock opened at $53.18 on Monday. The stock has a market cap of $28.28 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 4.00 and a beta of 0.80. The firm has a fifty day moving average price of $51.76 and a 200 day moving average price of $55.57. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $138.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV - Get Free Report) last posted 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 analysts' expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. 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 7.26 earnings per share for the current year.

About Fiserv

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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