Stanley Capital Management LLC Acquires Shares of 125,559 Fiserv, Inc. $FISV

Key Points

• Stanley Capital Management acquired 125,559 Fiserv shares during the second quarter, valued at approximately $6.16 million. Institutional investors collectively own 90.98% of the company.
• Fiserv insiders also bought shares: CFO Paul M. Todd purchased about $500,000 worth, while Director Lance M. Fritz acquired $519,500 worth. Insiders own just 0.06% of the stock.
• Fiserv’s latest results missed expectations, with adjusted earnings of $1.84 per share and revenue of $4.96 billion, down 4.1% year over year. Analysts maintain a consensus “Hold” rating, with a target price of $74.20.

Stanley Capital Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 125,559 shares of the business services provider's stock, valued at approximately $6,159,000.

Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv in the 4th quarter valued at $25,000. Kimelman & Baird LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity at Fiserv

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

Fiserv Stock Down 1.0%

FISV stock opened at $52.44 on Wednesday. The company has a market cap of $27.89 billion, a P/E ratio of 10.07, a P/E/G ratio of 3.98 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $138.85. The company's 50-day moving average price is $51.49 and its 200 day moving average price is $55.71. The company has a current ratio of 1.04, a quick 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 for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business's quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on FISV shares. Citigroup reaffirmed a "neutral" rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Loop Capital reduced their price objective on shares of Fiserv from $63.00 to $62.00 and set a "hold" rating for the company in a research report on Friday, May 15th. Morgan Stanley set a $59.00 target price on Fiserv in a research report on Friday, August 7th. Zacks Research cut Fiserv from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 19th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company 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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