Fiserv, Inc. $FISV Stock: Bokf Na Raises Position

Key Points

• BOKF NA increased its Fiserv stake by 406% in the third quarter, bringing its holdings to 43,453 shares valued at approximately $1.96 million. Institutional investors and hedge funds collectively own 90.98% of the stock.
• Analyst sentiment remains cautious: Fiserv has a consensus “Hold” rating and a $60.38 target price, while several firms recently lowered ratings or price targets.
• Fiserv shares opened at $50.02, up 3.2%, after the company reported quarterly EPS of $1.84 versus the $1.91 consensus estimate and revenue of $4.96 billion, down 4.1% year over year.

Bokf Na grew its position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) by 406.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,453 shares of the business services provider's stock after purchasing an additional 34,865 shares during the quarter. Bokf Na's holdings in Fiserv were worth $1,963,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in Fiserv by 49.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider's stock valued at $39,000 after purchasing an additional 282 shares during the period. North Dakota State Investment Board raised its holdings in shares of Fiserv by 2.1% during the third quarter. North Dakota State Investment Board now owns 16,242 shares of the business services provider's stock worth $734,000 after purchasing an additional 327 shares during the period. William Mack & Associates Inc. bought a new position in shares of Fiserv in the third quarter worth $26,000. Abundance Wealth Counselors grew its position in Fiserv by 9.8% in the 3rd quarter. Abundance Wealth Counselors now owns 12,563 shares of the business services provider's stock valued at $568,000 after buying an additional 1,122 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Fiserv by 12.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,313 shares of the business services provider's stock valued at $1,460,000 after acquiring an additional 3,523 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FISV shares. Weiss Ratings cut Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, October 21st. Zacks Research cut shares of Fiserv from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Cantor Fitzgerald reduced their price objective on shares of Fiserv from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, October 16th. Finally, BMO Capital Markets set a $48.00 price objective on shares of Fiserv and gave the stock a "market perform" rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of "Hold" and a consensus target price of $60.38.

Insider Buying and Selling at Fiserv

In other news, Director Lance Fritz acquired 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, for a total transaction of $519,500.00. Following the transaction, the director directly owned 27,207 shares of the company's stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Fiserv Stock Up 3.2%

Shares of FISV stock opened at $50.02 on Friday. The company has a market capitalization of $26.60 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 4.85 and a beta of 0.80. 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 firm has a fifty day moving average of $48.64 and a 200-day moving average of $54.76. Fiserv, Inc. has a 12-month low of $43.87 and a 12-month high of $70.41.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts predict that Fiserv, Inc. will post 7.25 earnings per share for the current fiscal year.

Fiserv Profile

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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