3,293,717 Shares in Fiserv, Inc. $FISV Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,293,717 shares of the business services provider’s stock, valued at approximately $161,557,000. Legal & General Group Plc owned 0.62% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of FISV. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $3,507,063,000. Dodge & Cox purchased a new position in Fiserv during the fourth quarter worth about $3,323,210,000. BlackRock Inc. acquired a new stake in Fiserv in the 2nd quarter worth about $2,079,711,000. State Street Corp acquired a new stake in Fiserv in the 4th quarter worth about $1,588,663,000. Finally, Geode Capital Management LLC purchased a new stake in Fiserv in the 4th quarter valued at about $854,215,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated 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 in the company, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FISV shares. UBS Group set a $60.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Mizuho decreased their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Rothschild & Co Redburn lowered their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Truist Financial set a $53.00 price objective on Fiserv and gave the stock a “hold” rating in a report on Thursday, August 20th. Finally, B. Riley Financial reduced their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Price Performance

FISV opened at $52.45 on Thursday. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $138.85. The company has a 50 day moving average of $51.56 and a two-hundred day moving average of $55.67. The company has a market cap of $27.89 billion, a P/E ratio of 10.07, a P/E/G ratio of 3.94 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 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 analysts’ expectations of $5.04 billion. Fiserv’s revenue was down 4.1% on a year-over-year basis. On average, analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current year.

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.