Lance Fritz Purchases 10,000 Shares of Fiserv (NASDAQ:FISV) Stock

Fiserv, Inc. (NASDAQ:FISV) Director Lance Fritz bought 10,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Fiserv Trading Down 2.2%

Shares of NASDAQ FISV opened at $51.56 on Thursday. The business has a fifty day simple moving average of $51.49 and a 200-day simple moving average of $56.41. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 1.26 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.42.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 7.25 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays set a $52.00 target price on Fiserv and gave the stock an “equal weight” rating in a report on Friday, August 7th. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target on the stock. in a research report on Friday, June 5th. Susquehanna reduced their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, Truist Financial lowered their target price on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $74.17.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its position in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares in the last quarter. Jump Financial LLC bought a new position in Fiserv in the 2nd quarter valued at $1,001,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Fiserv by 7.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

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.