Monaco Asset Management SAM Invests $20.36 Million in Fiserv, Inc. $FISV

Key Points

• Monaco Asset Management SAM acquired 415,100 Fiserv shares worth approximately $20.36 million, making Fiserv its fifth-largest holding and representing 1.6% of its portfolio.
• Analyst sentiment remains cautious: Fiserv has an average “Hold” rating and a $74.17 consensus price target, while several analysts recently lowered targets or downgraded the stock.
• Fiserv reported weaker-than-expected quarterly results, with EPS of $1.84 versus $1.91 expected and revenue of $4.96 billion versus $5.04 billion forecast; revenue declined 4.1% year over year.

Monaco Asset Management SAM acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 415,100 shares of the business services provider's stock, valued at approximately $20,361,000. Fiserv comprises 1.6% of Monaco Asset Management SAM's holdings, making the stock its 5th largest position. Monaco Asset Management SAM owned approximately 0.08% of Fiserv as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $207,000. AMG National Trust Bank bought a new position in Fiserv in the second quarter worth $632,000. N.E.W. Advisory Services LLC acquired a new stake in Fiserv during the second quarter worth $133,000. HBK Sorce Advisory LLC bought a new stake in Fiserv in the 2nd quarter valued at $207,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $459,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. BNP Paribas Exane downgraded Fiserv from a "neutral" rating to an "underperform" rating and set a $46.00 target price for the company. in a research report on Friday, June 5th. BMO Capital Markets reiterated a "market perform" rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Finally, B. Riley Financial cut their price objective on Fiserv from $69.00 to $66.00 and set a "neutral" rating for the company in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of "Hold" and an average price target of $74.17.

Insider Buying and Selling at Fiserv

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

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $54.39 on Monday. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.42. The firm has a market cap of $28.92 billion, a P/E ratio of 10.44, a P/E/G ratio of 4.09 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 company's 50-day moving average price is $51.47 and its two-hundred day moving average price is $56.23.

Fiserv (NASDAQ:FISV - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Fiserv Company Profile

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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