Fiserv, Inc. $FISV Shares Acquired by National Pension Service

National Pension Service increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,217,726 shares of the business services provider’s stock after buying an additional 30,951 shares during the quarter. National Pension Service’s holdings in Fiserv were worth $157,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $28,000. True Wealth Design LLC lifted its holdings 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 acquiring an additional 225 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter valued at approximately $34,000. Clear Street LLC purchased a new position in Fiserv in the second quarter worth approximately $34,000. Finally, Westfuller Advisors LLC acquired a new stake in Fiserv during the third quarter worth $36,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research analyst reports. Stephens set a $75.00 price target on Fiserv in a report on Friday, January 16th. Cantor Fitzgerald raised shares of Fiserv to a “hold” rating in a research report on Tuesday, January 27th. Seaport Research Partners lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. TD Cowen reiterated a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Finally, Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.34.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $63.73 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 3.63 and a beta of 0.80. The stock’s 50-day moving average is $66.34 and its two-hundred day moving average is $101.81. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59.

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 analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

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.