Hohimer Wealth Management LLC Makes New $937,000 Investment in Fiserv, Inc. $FISV

Key Points

• Hohimer Wealth Management initiated a Fiserv position in the third quarter, buying 20,734 shares valued at approximately $937,000. Institutional investors and hedge funds collectively own about 91% of the stock.
• Fiserv reported quarterly EPS of $1.75, topping the $1.72 consensus, while revenue of $4.85 billion was essentially in line with expectations but down 1.3% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $63.74; six analysts rate the stock Buy, 20 Hold, and four Sell.

Hohimer Wealth Management LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,734 shares of the business services provider's stock, valued at approximately $937,000.

A number of other institutional investors have also modified their holdings of FISV. University of Texas Texas AM Investment Management Co. grew its position in Fiserv by 444.1% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 3,455 shares of the business services provider's stock valued at $156,000 after acquiring an additional 2,820 shares in the last quarter. Ethic Inc. increased its stake in Fiserv by 7.0% during the third quarter. Ethic Inc. now owns 46,283 shares of the business services provider's stock worth $2,091,000 after purchasing an additional 3,031 shares during the period. Pictet Asset Management Holding SA increased its stake in Fiserv by 28.6% during the third quarter. Pictet Asset Management Holding SA now owns 504,877 shares of the business services provider's stock worth $22,810,000 after purchasing an additional 112,405 shares during the period. Cannon Capital Management Inc. lifted its position in shares of Fiserv by 3.3% during the third quarter. Cannon Capital Management Inc. now owns 19,094 shares of the business services provider's stock worth $863,000 after purchasing an additional 607 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Fiserv by 8.2% during the third quarter. Alps Advisors Inc. now owns 18,905 shares of the business services provider's stock worth $854,000 after purchasing an additional 1,437 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $63.52 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $33.78 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 5.53 and a beta of 0.85. The stock's 50-day moving average is $49.55 and its two-hundred day moving average is $54.58. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $70.41.

Fiserv (NASDAQ:FISV - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The business had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.85 billion. The company's revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. BMO Capital Markets set a $48.00 price objective on shares of Fiserv and gave the company a "market perform" rating in a research note on Tuesday, October 27th. Morgan Stanley upped their target price on shares of Fiserv from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 4th. Truist Financial set a $51.00 target price on shares of Fiserv and gave the stock a "hold" rating in a report on Friday, October 23rd. TD Cowen raised their price target on shares of Fiserv from $49.00 to $59.00 and gave the company a "hold" rating in a research report on Wednesday, November 4th. Finally, Oppenheimer downgraded shares of Fiserv from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 8th. Six analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.74.

Fiserv Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions.

For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools.

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