Rakuten Investment Management Inc. Makes New $4.26 Million Investment in Fiserv, Inc. $FISV

Rakuten Investment Management Inc. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 87,307 shares of the business services provider’s stock, valued at approximately $4,263,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FISV. Dodge & Cox purchased a new stake in Fiserv during the 4th quarter valued at about $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv in the 2nd quarter worth approximately $2,079,711,000. State Street Corp acquired a new position in shares of Fiserv during the 4th quarter worth approximately $1,588,663,000. Geode Capital Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $854,215,000. Finally, Amundi purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $825,819,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $53.18 on Monday. The stock has a 50 day moving average of $51.76 and a 200 day moving average of $55.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 4.00 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $138.85.

Fiserv (NASDAQ:FISV) last posted 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. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FISV shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th. TD Cowen lowered their price target on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Finally, Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued 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 a consensus price target 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.