Nykredit A S Takes Position in Fiserv, Inc. $FISV

Key Points

• Nykredit A S acquired 172,550 Fiserv shares during the second quarter, valued at approximately $8.46 million. Institutional investors and hedge funds collectively own 90.98% of the company.
• Analysts maintain a generally cautious outlook, with Fiserv carrying an average rating of “Hold” and an average price target of $74.20; recent target prices ranged from $54 to $65.
• Fiserv reported quarterly EPS of $1.84, below the $1.91 consensus estimate, while revenue of $4.96 billion also missed expectations and declined 4.1% year over year. Shares opened at $47.19, near the company’s 52-week low.

Nykredit A S acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 172,550 shares of the business services provider's stock, valued at approximately $8,464,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paralel Advisors LLC acquired a new stake in Fiserv in the second quarter valued at $2,031,000. Readystate Asset Management LP raised its stake in shares of Fiserv by 466.8% during the 2nd quarter. Readystate Asset Management LP now owns 146,782 shares of the business services provider's stock worth $7,200,000 after buying an additional 120,885 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Fiserv by 632.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 28,777 shares of the business services provider's stock worth $1,412,000 after buying an additional 24,850 shares in the last quarter. Operose Advisors LLC boosted its position in shares of Fiserv by 9.2% in the 2nd quarter. Operose Advisors LLC now owns 7,635 shares of the business services provider's stock worth $374,000 after buying an additional 641 shares in the last quarter. Finally, Saudi Central Bank grew its stake in Fiserv by 6.5% in the 2nd quarter. Saudi Central Bank now owns 288,627 shares of the business services provider's stock valued at $14,554,000 after acquiring an additional 17,582 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FISV has been the subject of a number of research reports. Raymond James Financial restated a "market perform" rating on shares of Fiserv in a research report on Tuesday, July 7th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their price objective on Fiserv from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $54.00 target price on shares of Fiserv in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of "Hold" and an average target price of $74.20.

Fiserv Stock Performance

Shares of FISV stock opened at $47.19 on Monday. The firm's 50-day simple moving average is $52.01 and its 200-day simple moving average is $54.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $133.37. The firm has a market cap of $25.09 billion, a P/E ratio of 9.06, a PEG ratio of 4.71 and a beta of 0.80.

Fiserv (NASDAQ:FISV - Get Free Report) last released 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 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 business's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

Insider Activity

In other news, Director Lance Fritz acquired 10,000 shares of the company's 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 acquisition, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company's products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

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