Focused Investors LLC Has $202.65 Million Position in Fiserv, Inc. $FISV

Focused Investors LLC increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 22.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,571,750 shares of the business services provider’s stock after purchasing an additional 288,700 shares during the period. Fiserv accounts for 6.2% of Focused Investors LLC’s holdings, making the stock its 4th biggest holding. Focused Investors LLC owned about 0.29% of Fiserv worth $202,646,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Fiserv in the 3rd quarter valued at $28,000. True Wealth Design LLC grew its stake in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the second quarter valued at about $34,000. Clear Street LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. grew its position in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Susquehanna restated a “positive” rating and issued a $99.00 target price (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price on the stock. in a research note on Wednesday, October 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 target price on shares of Fiserv in a research report on Thursday, December 4th. Oppenheimer reissued an “outperform” rating and issued a $91.00 price target on shares of Fiserv in a report on Thursday, October 30th. Finally, Cowen restated a “hold” rating on shares of Fiserv in a report on Monday. Ten 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.32.

Insider Activity

In related news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% 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, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 34,900 shares of company stock valued at $2,211,971 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $66.78 on Friday. The company has a 50 day simple moving average of $65.64 and a two-hundred day simple moving average of $110.32. The stock has a market cap of $36.30 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 2.72 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (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 analysts’ expectations of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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.