Fiserv, Inc. $FISV Stock: Mondrian Investment Partners LTD Cuts Position

Key Points

• Mondrian Investment Partners cut its Fiserv position by 45.3% in the third quarter, selling 542,780 shares and retaining 655,260 shares valued at approximately $29.6 million. Institutional investors collectively own 90.98% of Fiserv.
• Fiserv’s latest quarterly results fell short of expectations, with earnings per share of $1.84 versus the $1.91 consensus and revenue of $4.96 billion versus $5.04 billion expected. Revenue declined 4.1% year over year.
• Analysts maintain a consensus “Hold” rating, with an average price target of $66.48 compared with the reported share price of $49.86; one director also purchased 10,000 shares worth roughly $519,500.

Mondrian Investment Partners LTD lessened its position in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 45.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 655,260 shares of the business services provider's stock after selling 542,780 shares during the period. Mondrian Investment Partners LTD owned approximately 0.12% of Fiserv worth $29,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy Pohlad Asset Management LLC lifted its holdings in shares of Fiserv by 50.8% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 49,810 shares of the business services provider's stock valued at $2,250,000 after buying an additional 16,785 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Fiserv by 22.1% in the third quarter. Tectonic Advisors LLC now owns 30,573 shares of the business services provider's stock valued at $1,381,000 after buying an additional 5,536 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Fiserv by 8.0% in the third quarter. Yousif Capital Management LLC now owns 63,344 shares of the business services provider's stock valued at $2,862,000 after buying an additional 4,719 shares in the last quarter. Root Financial Partners LLC acquired a new position in Fiserv during the third quarter worth $46,000. Finally, Investment House LLC grew its holdings in Fiserv by 13.0% during the third quarter. Investment House LLC now owns 68,790 shares of the business services provider's stock worth $3,108,000 after acquiring an additional 7,935 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

FISV opened at $49.86 on Friday. The stock has a market cap 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. 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 stock's 50 day simple moving average is $49.01 and its 200 day simple moving average is $52.53. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $128.78.

Fiserv (NASDAQ:FISV - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share 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 analysts' expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv, Inc. will post 7.25 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, Director Lance Fritz purchased 10,000 shares of the business'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 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 legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FISV. Stephens reiterated an "equal weight" rating and issued a $57.00 price objective on shares of Fiserv in a research report on Tuesday, August 11th. Susquehanna decreased their target price on shares of Fiserv from $91.00 to $85.00 and set a "positive" rating on the stock in a research report on Friday, August 7th. Weiss Ratings cut shares of Fiserv from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday. Truist Financial set a $51.00 price target on shares of Fiserv and gave the stock a "hold" rating in a research note on Friday. Finally, B. Riley Financial cut their price target on shares of Fiserv from $66.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, September 28th. Five analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $66.48.

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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