Trajan Wealth LLC Acquires Shares of 280,369 Fiserv, Inc. $FISV

Key Points

• Trajan Wealth LLC acquired 280,369 Fiserv shares during the second quarter, worth approximately $13.75 million and representing about 0.05% of the company. Institutional investors and hedge funds collectively own 90.98% of Fiserv.
• Fiserv insiders also made purchases: CFO Paul Todd bought 10,060 shares and Director Lance Fritz bought 10,000 shares. Insiders collectively own 0.06% of the stock.
• Fiserv recently missed quarterly earnings and revenue estimates, reporting $1.84 EPS and $4.96 billion in revenue, with revenue down 4.1% year over year. Analysts maintain a consensus “Hold” rating and a $74.20 average price target.

Trajan Wealth LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 280,369 shares of the business services provider's stock, valued at approximately $13,752,000. Trajan Wealth LLC owned about 0.05% of Fiserv as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $3,507,063,000. Dodge & Cox acquired a new position in Fiserv during the fourth quarter worth $3,323,210,000. BlackRock Inc. purchased a new stake in Fiserv in the 2nd quarter valued at $2,079,711,000. State Street Corp purchased a new stake in Fiserv in the 4th quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth $854,215,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Paul M. Todd bought 10,060 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company's stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director owned 27,207 shares of the company's stock, valued at $1,413,403.65. This trade 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 currently owned by insiders.

Fiserv Stock Up 0.7%

Shares of NASDAQ:FISV opened at $52.96 on Tuesday. The business has a 50-day moving average price of $51.43 and a 200 day moving average price of $55.76. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 3.95 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $139.94.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its quarterly earnings data 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 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 quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 7.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital lowered their price target on shares of Fiserv from $63.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, May 15th. Raymond James Financial restated a "market perform" rating on shares of Fiserv in a research report on Tuesday, July 7th. Zacks Research downgraded shares of Fiserv from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Robert W. Baird set a $78.00 target price on shares of Fiserv in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Six investment 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, Fiserv presently has a consensus 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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