Fiserv, Inc. $FISV Stock Holdings Lifted by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder increased its Fiserv stake by 16.9% in the second quarter, bringing its holdings to 176,106 shares valued at approximately $8.64 million. Institutional investors and hedge funds collectively own 90.98% of the stock.
• Fiserv’s latest quarterly results missed expectations, with adjusted EPS of $1.84 versus the $1.91 consensus estimate and revenue of $4.96 billion versus $5.04 billion expected; revenue declined 4.1% year over year.
• Analysts remain cautious, with Fiserv carrying a consensus “Hold” rating and an average price target of $74.17, while CFO Paul Todd and Director Lance Fritz recently purchased shares.

Handelsbanken Fonder AB raised its position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) by 16.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,106 shares of the business services provider's stock after purchasing an additional 25,477 shares during the period. Handelsbanken Fonder AB's holdings in Fiserv were worth $8,638,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Chicago Capital LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $1,316,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Fiserv during the 4th quarter worth $4,127,000. KLP Kapitalforvaltning AS bought a new stake in shares of Fiserv during the 4th quarter worth $14,907,000. Sequoia Financial Advisors LLC acquired a new position in Fiserv in the 4th quarter valued at $1,996,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Fiserv in the 4th quarter worth $6,589,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares of the company's stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the company's stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.06% of the company's stock.

Fiserv Stock Up 7.6%

NASDAQ FISV opened at $55.50 on Friday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $140.42. The stock has a market cap of $29.51 billion, a PE ratio of 10.65, a PEG ratio of 3.88 and a beta of 0.80. The firm has a 50-day simple moving average of $51.47 and a 200 day simple moving average of $56.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $5.04 billion. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FISV shares. UBS Group set a $60.00 price target on Fiserv and gave the company a "neutral" rating in a research report on Friday, August 7th. Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th. B. Riley Financial lowered their target price on Fiserv from $69.00 to $66.00 and set a "neutral" rating on the stock in a report on Wednesday, May 6th. Barclays set a $52.00 price target on Fiserv and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fiserv from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Fiserv presently has an average rating of "Hold" and an average price target of $74.17.

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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