Evergreen Wealth Management LLC Acquires Shares of 39,254 Fiserv, Inc. $FISV

Evergreen Wealth Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 39,254 shares of the business services provider’s stock, valued at approximately $5,061,000. Fiserv makes up 2.7% of Evergreen Wealth Management LLC’s portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Fiserv in the 2nd quarter worth about $1,252,260,000. Marshall Wace LLP bought a new position in Fiserv during the second quarter worth about $356,643,000. Worldquant Millennium Advisors LLC boosted its position in Fiserv by 2,134.9% during 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 period. Baupost Group LLC MA purchased a new position in shares of Fiserv in the second quarter worth about $154,307,000. Finally, Amundi raised its position in shares of Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 34,900 shares of company stock worth $2,211,971. 0.75% of the stock is currently owned by insiders.

Fiserv Trading Down 0.6%

Fiserv stock opened at $67.15 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The stock has a market cap of $36.50 billion, a P/E ratio of 10.38, a PEG ratio of 3.88 and a beta of 0.80. The firm’s fifty day moving average price is $66.03 and its 200-day moving average price is $104.21.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data 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). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the business posted $2.30 EPS. Fiserv’s quarterly revenue was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Mizuho cut their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Seaport Research Partners cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and set a $91.00 target price on shares of Fiserv in a research report on Thursday, October 30th. Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.34.

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.