Trajan Wealth LLC Makes New Investment in Fiserv, Inc. $FISV

Trajan Wealth LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 280,369 shares of the business services provider’s stock, valued at approximately $13,752,000.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC lifted its holdings in Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Fiserv by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after acquiring an additional 195 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Fiserv by 2.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after acquiring an additional 198 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $52.96 on Tuesday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $139.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $28.16 billion, a PE ratio of 10.17, a P/E/G ratio of 3.95 and a beta of 0.80. The company has a fifty day moving average of $51.43 and a two-hundred day moving average of $55.76.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during 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 was down 4.1% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FISV shares. Mizuho decreased their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Finally, Zacks Research lowered shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Six 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 company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $74.20.

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.