Deutsche Bank AG Invests $178.31 Million in Fiserv, Inc. $FISV

Key Points

• Deutsche Bank acquired 3.64 million Fiserv shares worth approximately $178.3 million during the second quarter, giving it a 0.68% stake. Institutional investors and hedge funds collectively own 90.98% of the company.
• Fiserv’s latest quarterly results fell short of expectations: earnings per share came in at $1.84 versus the $1.91 consensus, while revenue declined 4.1% year over year to $4.96 billion.
• Analyst sentiment remains cautious, with 26 Hold ratings, six Buys and three Sells; the consensus rating is Hold, although the average target price is $74.17 compared with the stock’s recent price near $51.72.

Deutsche Bank AG purchased a new position in Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,635,270 shares of the business services provider's stock, valued at approximately $178,310,000. Deutsche Bank AG owned approximately 0.68% of Fiserv at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FISV. Commerzbank Aktiengesellschaft FI purchased a new stake in Fiserv in the 2nd quarter valued at about $561,000. Trust Co. of Vermont acquired a new position in Fiserv in the second quarter valued at about $346,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Fiserv during the second quarter valued at about $63,658,000. Monaco Asset Management SAM acquired a new stake in shares of Fiserv during the second quarter valued at about $20,361,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $207,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Paul M. Todd acquired 10,060 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The shares were bought 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. The trade was a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.06% of the company's stock.

Fiserv Stock Down 0.9%

Shares of NASDAQ FISV opened at $51.72 on Wednesday. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 4.09 and a beta of 0.80. 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 business has a 50-day moving average of $51.42 and a two-hundred day moving average of $56.04. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $140.42.

Fiserv (NASDAQ:FISV - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS 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 business had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $5.04 billion. The company's quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

FISV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Citigroup reissued a "neutral" rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. TD Cowen lowered their price target on Fiserv from $63.00 to $55.00 and set a "hold" rating for the company in a research report on Friday, August 7th. Truist Financial dropped their price objective on Fiserv from $58.00 to $52.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Fiserv has an average rating of "Hold" and a consensus target price of $74.17.

Fiserv Company 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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