Fiserv, Inc. $FISV Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its Fiserv stake by 37.9% in the third quarter, selling 21,364 shares and retaining 34,994 shares valued at approximately $1.58 million.
• Institutional investors own 90.98% of Fiserv, while analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $66.48 average price target.
• Fiserv opened at $49.86 and recently reported quarterly revenue of $4.96 billion and adjusted EPS of $1.84, both below analyst expectations; revenue declined 4.1% year over year.

Robeco Institutional Asset Management B.V. lessened its holdings in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 37.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,994 shares of the business services provider's stock after selling 21,364 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fiserv were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazari Capital Management Inc. lifted its position in Fiserv by 19.7% during the third quarter. Lazari Capital Management Inc. now owns 27,340 shares of the business services provider's stock worth $1,235,000 after acquiring an additional 4,500 shares during the last quarter. Investment Research Partners LLC boosted its holdings in shares of Fiserv by 3.7% during the third quarter. Investment Research Partners LLC now owns 12,219 shares of the business services provider's stock worth $552,000 after acquiring an additional 439 shares during the period. Smithbridge Asset Management Inc. DE grew its position in shares of Fiserv by 13.3% in the third quarter. Smithbridge Asset Management Inc. DE now owns 81,287 shares of the business services provider's stock valued at $3,673,000 after purchasing an additional 9,521 shares during the last quarter. SteelPeak Wealth LLC grew its position in shares of Fiserv by 9.0% in the third quarter. SteelPeak Wealth LLC now owns 11,832 shares of the business services provider's stock valued at $535,000 after purchasing an additional 972 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Fiserv by 92.1% in the third quarter. IFP Advisors Inc now owns 333,245 shares of the business services provider's stock valued at $15,056,000 after purchasing an additional 159,785 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday. TD Cowen reduced their price target on Fiserv from $55.00 to $49.00 and set a "hold" rating for the company in a research note on Friday, October 9th. B. Riley Financial decreased their price objective on Fiserv from $66.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, September 28th. Zacks Research cut Fiserv from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Hold" and a consensus price target of $66.48.

Fiserv Stock Performance

NASDAQ FISV opened at $49.86 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $26.51 billion, a P/E ratio of 9.57, a P/E/G ratio of 4.98 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $43.87 and a 12-month high of $128.78. The firm has a 50-day moving average price of $49.01 and a two-hundred day moving average price of $52.50.

Fiserv (NASDAQ:FISV - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business's revenue was down 4.1% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post 7.25 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, Director Lance Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company's offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.

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