Fiserv, Inc. $FISV Stock Bought by Woodstock Corp

Key Points

• Woodstock Corp increased its Fiserv stake by 20.3% in the third quarter, purchasing 22,256 additional shares to own 131,739 shares valued at approximately $5.95 million. Institutional investors collectively own 90.98% of the company.
• Analysts maintain a consensus “Hold” rating on Fiserv, with an average price target of $70.21; recent target prices ranged from $50 to $65.
• Fiserv’s latest quarterly results fell short of expectations, with EPS of $1.84 versus $1.91 expected and revenue of $4.96 billion versus $5.04 billion estimated. Revenue declined 4.1% year over year, while shares opened at $46.05 and remained near their one-year low.

Woodstock Corp boosted its holdings in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,739 shares of the business services provider's stock after purchasing an additional 22,256 shares during the quarter. Woodstock Corp's holdings in Fiserv were worth $5,952,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Fiserv by 16.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider's stock worth $8,638,000 after acquiring an additional 25,477 shares during the period. Stanley Capital Management LLC bought a new position in shares of Fiserv in the second quarter worth $6,159,000. Renaissance Technologies LLC grew its stake in Fiserv by 437.5% during the first quarter. Renaissance Technologies LLC now owns 668,227 shares of the business services provider's stock worth $37,287,000 after buying an additional 543,900 shares in the last quarter. BlackRock Inc. bought a new position in Fiserv in the 2nd quarter valued at about $2,079,711,000. Finally, USS Investment Management Ltd bought a new position in Fiserv in the 4th quarter valued at about $6,437,000. 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 analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $54.00 price target on shares of Fiserv in a report on Friday, August 7th. JPMorgan Chase & Co. cut their target price on Fiserv from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Barclays set a $50.00 target price on Fiserv and gave the company an "equal weight" rating in a report on Friday. Royal Bank Of Canada reissued an "outperform" rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $53.00 price objective on shares of Fiserv in a research report on Monday, August 31st. Five analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $70.21.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $46.05 on Tuesday. Fiserv, Inc. has a one year low of $43.87 and a one year high of $128.78. 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 company has a market cap of $24.49 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 4.55 and a beta of 0.80. The firm has a 50 day simple moving average of $50.02 and a 200 day simple moving average of $52.98.

Fiserv (NASDAQ:FISV - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company's revenue for the quarter was down 4.1% on a year-over-year basis. Research analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lance Fritz bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value 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. This represents a 58.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company's stock.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company's products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.

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