Nykredit A S Acquires Shares of 189,287 Fiserv, Inc. $FISV

Key Points

• Nykredit A/S acquired 189,287 Fiserv shares during the second quarter, valued at approximately $9.3 million. Institutional investors collectively own 90.98% of Fiserv’s outstanding stock.
• Fiserv reported quarterly earnings of $1.84 per share, below the $1.91 consensus estimate, while revenue of $4.96 billion also missed expectations and declined 4.1% year over year.
• Analyst sentiment remains cautious: Fiserv has a consensus “Hold” rating and an average price target of $74.20, despite recent insider purchases by a director and the CFO.

Nykredit A S bought a new stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 189,287 shares of the business services provider's stock, valued at approximately $9,285,000.

Other large investors have also recently made changes to their positions in the company. Private Wealth Asset Management LLC bought a new stake in Fiserv in the fourth quarter worth about $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Tripletail Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, Director Lance Fritz bought 10,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Todd purchased 10,060 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer directly 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 SEC filing for this purchase provides additional information. 0.06% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $53.00 on Friday. The firm has a market cap of $28.18 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.99 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $138.62. The business's 50 day moving average price is $52.22 and its 200 day moving average price is $55.32. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv's revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

FISV has been the topic of a number of recent analyst reports. BNP Paribas Exane lowered Fiserv from a "neutral" rating to an "underperform" rating and set a $46.00 target price on the stock. in a research note on Friday, June 5th. Citigroup restated a "neutral" rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Loop Capital reduced their price objective on Fiserv from $63.00 to $62.00 and set a "hold" rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada restated an "outperform" rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Finally, TD Cowen reissued a "hold" rating and issued a $55.00 price target on shares of Fiserv in a research report on Thursday. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Hold" and a consensus target price of $74.20.

Fiserv 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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