Fiserv, Inc. $FISV Stake Raised by National Pension Service

Key Points

• National Pension Service increased its Fiserv stake by 12.6% in the second quarter, adding 124,037 shares to hold 1.11 million shares valued at approximately $54.4 million. Institutional investors collectively own 90.98% of the company.
• Analyst sentiment remains cautious: Fiserv has an average “Hold” rating and a $74.20 price target, while several firms recently lowered their targets and Zacks Research downgraded the stock to “Strong Sell.”
• Fiserv shares opened at $51.58, near the lower end of their 52-week range, after the company missed quarterly expectations with adjusted EPS of $1.84 versus $1.91 expected and revenue of $4.96 billion, down 4.1% year over year.

National Pension Service raised its stake in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) by 12.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,108,247 shares of the business services provider's stock after buying an additional 124,037 shares during the period. National Pension Service owned approximately 0.21% of Fiserv worth $54,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Asset Management LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC purchased a new stake in Fiserv in the 4th quarter worth about $27,000. Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $27,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

FISV has been the subject of a number of recent research reports. Susquehanna decreased their price objective on shares of Fiserv from $91.00 to $85.00 and set a "positive" rating for the company in a report on Friday, August 7th. Zacks Research downgraded shares of Fiserv from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Citigroup reaffirmed a "neutral" rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. BMO Capital Markets reiterated a "market perform" rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, TD Cowen reiterated a "hold" rating and issued a $55.00 target price on shares of Fiserv in a research note on Thursday, September 3rd. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of "Hold" and an average target price of $74.20.

Insider Activity

In other news, CFO Paul Todd purchased 10,060 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance Fritz acquired 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 27,207 shares of the company's stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of Fiserv stock opened at $51.58 on Friday. 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 50 day simple moving average of $52.22 and a 200 day simple moving average of $54.93. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $135.88. The firm has a market cap of $27.43 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.88 and a beta of 0.80.

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 firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company's products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

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