22,497 Shares in Fiserv, Inc. $FISV Acquired by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 22,497 shares of the business services provider’s stock, valued at approximately $1,103,000.

Other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Fiserv during the 2nd quarter worth approximately $55,000. Oakworth Capital Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at $25,000. Private Wealth Asset Management LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen cut their price target on Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a research report on Friday, August 7th. Susquehanna dropped their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Finally, B. Riley Financial decreased their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.20.

Fiserv Price Performance

FISV stock opened at $52.96 on Tuesday. 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 P/E ratio of 10.17, a PEG ratio of 3.95 and a beta of 0.80. The business has a 50 day simple moving average of $51.43 and a 200-day simple moving average of $55.76. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $139.94.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current year.

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.