Country Trust Bank Buys 45,797 Shares of Fiserv, Inc. $FISV

Country Trust Bank boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,736 shares of the business services provider’s stock after purchasing an additional 45,797 shares during the quarter. Fiserv comprises 1.0% of Country Trust Bank’s holdings, making the stock its 29th largest holding. Country Trust Bank owned 0.07% of Fiserv worth $46,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Norges Bank purchased a new stake in shares of Fiserv during the second quarter valued at about $1,252,260,000. Marshall Wace LLP bought a new position in shares of Fiserv during the 2nd quarter worth approximately $356,643,000. Assenagon Asset Management S.A. lifted its position in Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. Swedbank AB boosted its stake in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after acquiring an additional 1,247,801 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in Fiserv by 2,134.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after purchasing an additional 948,634 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $66.78 on Friday. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The company’s 50 day moving average is $65.64 and its 200 day moving average is $110.32. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $36.30 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.72 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of a number of recent analyst reports. Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $149.00 to $79.00 in a report on Thursday, October 30th. Oppenheimer restated an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a report on Thursday, October 30th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.32.

About Fiserv

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.