38,009 Shares in Fiserv, Inc. $FISV Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, HoldingsChannel reports. The fund bought 38,009 shares of the business services provider’s stock, valued at approximately $1,864,000.

A number of other hedge funds have also recently made changes to their positions in FISV. WFA of San Diego LLC acquired a new position in shares of Fiserv in the second quarter valued at approximately $55,000. Oakworth Capital Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC bought a new stake in Fiserv during the 4th quarter worth approximately $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.7%

FISV opened at $52.96 on Tuesday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $139.94. The company has a fifty day moving average of $51.43 and a 200-day moving average of $55.76. The stock has a market cap of $28.16 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99.

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

Analyst Ratings Changes

Several research firms have recently issued reports on FISV. Robert W. Baird set a $78.00 price target on shares of Fiserv in a research note on Wednesday, May 6th. Rothschild & Co Redburn reduced their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. TD Cowen cut their target price on Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Finally, B. Riley Financial reduced their price target on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $74.20.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.06% 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.