TD Waterhouse Canada Inc. Acquires 27,615 Shares of Fiserv, Inc. $FISV

TD Waterhouse Canada Inc. lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 57.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 75,296 shares of the business services provider’s stock after acquiring an additional 27,615 shares during the period. TD Waterhouse Canada Inc.’s holdings in Fiserv were worth $3,819,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Stonebridge Capital Advisors LLC lifted its position in shares of Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after buying an additional 98 shares in the last quarter. Bison Wealth LLC increased its holdings 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 acquiring an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Fiserv by 3.3% in the 2nd 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 raised its stake in Fiserv by 2.9% during the 4th 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. lifted its holdings in Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 215 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction 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 directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of recent analyst reports. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target for the company. in a research report on Friday, June 5th. Cantor Fitzgerald restated a “neutral” rating and set a $53.00 target price on shares of Fiserv in a research note on Monday, August 31st. TD Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Fiserv in a report on Thursday, September 3rd. Stephens reiterated an “equal weight” rating and issued a $57.00 price target on shares of Fiserv in a research note on Tuesday, August 11th. Finally, Morgan Stanley set a $59.00 price objective on Fiserv in a research report on Friday, August 7th. Six research 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 data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $53.00 on Tuesday. 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 company has a market cap of $28.18 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.99 and a beta of 0.80. The firm’s fifty day moving average is $52.30 and its two-hundred day moving average is $55.22. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $138.62.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate 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 anticipate that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

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.