Fiserv, Inc. $FISV Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB raised its Q3 stake in Fiserv by 4.1%, adding 78,220 shares to hold 2,003,668 shares (~0.37%) valued at $258.85 million.
• Multiple large institutions also initiated or sharply increased positions—including Norges Bank (~$1.25B) and Marshall Wace (~$356.6M)—leaving institutional investors owning about 90.98% of Fiserv.
• Fiserv missed Q3 estimates (EPS $2.04 vs. $2.64, revenue $4.92B vs. $5.37B), triggering mixed analyst responses and an average rating of Hold with a consensus target of $114.42 while the stock trades near $66.75.

Nordea Investment Management AB raised its stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,003,668 shares of the business services provider's stock after acquiring an additional 78,220 shares during the quarter. Nordea Investment Management AB owned approximately 0.37% of Fiserv worth $258,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FISV. Norges Bank acquired a new stake in Fiserv in the second quarter valued at approximately $1,252,260,000. Marshall Wace LLP purchased a new position in shares of Fiserv during the 2nd quarter valued at approximately $356,643,000. Assenagon Asset Management S.A. lifted its position in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock valued at $351,550,000 after buying an additional 1,842,784 shares in the last quarter. Swedbank AB grew its stake in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock valued at $273,916,000 after acquiring an additional 1,247,801 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its holdings in Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider's stock worth $171,215,000 after acquiring an additional 948,634 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

FISV has been the subject of a number of research reports. TD Cowen cut shares of Fiserv from a "buy" rating to a "hold" rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. Zacks Research cut Fiserv from a "hold" rating to a "strong sell" rating in a report on Friday, October 31st. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the stock an "outperform" rating in a research note on Thursday, October 30th. Citigroup reduced their target price on Fiserv from $128.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, October 30th. Finally, BNP Paribas downgraded Fiserv from an "outperform" rating to a "neutral" rating and set a $62.00 target price on the stock. in a research report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of "Hold" and a consensus target price of $114.42.

Fiserv Stock Performance

Fiserv stock opened at $66.75 on Wednesday. The firm has a 50 day simple moving average of $65.47 and a 200-day simple moving average of $110.92. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.73 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59.

Fiserv (NASDAQ:FISV - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). The firm had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the transaction, the director owned 13,086 shares of the company's stock, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the firm's stock in a transaction on Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares of the company's stock, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 34,900 shares of company stock worth $2,211,971. 0.75% of the stock is currently owned by company insiders.

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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