Triad Investment Management Purchases 19,695 Shares of Fiserv, Inc. $FISV

Triad Investment Management lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 37.9% during the second quarter, Holdings Channel reports. The institutional investor owned 71,706 shares of the business services provider’s stock after purchasing an additional 19,695 shares during the period. Fiserv makes up approximately 4.0% of Triad Investment Management’s investment portfolio, making the stock its 12th biggest position. Triad Investment Management’s holdings in Fiserv were worth $3,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in Fiserv by 16.9% during the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after purchasing an additional 25,477 shares during the last quarter. Blume Capital Management Inc. bought a new stake in shares of Fiserv in the 4th quarter worth about $4,226,000. Mission Wealth Management LP bought a new stake in shares of Fiserv in the 4th quarter worth about $696,000. Renaissance Technologies LLC raised its position in shares of Fiserv by 437.5% during the 1st quarter. Renaissance Technologies LLC now owns 668,227 shares of the business services provider’s stock valued at $37,287,000 after buying an additional 543,900 shares in the last quarter. Finally, Stanley Capital Management LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at about $6,159,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Fiserv stock opened at $48.65 on Thursday. 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 firm has a market capitalization of $25.87 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 3.83 and a beta of 0.80. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $136.60. The company’s 50-day moving average is $52.30 and its 200 day moving average is $55.04.

Fiserv (NASDAQ:FISV) last released 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 for the quarter, compared to the consensus estimate of $5.04 billion. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

Insiders Place Their Bets

In other Fiserv news, CFO Paul Todd bought 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. 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

FISV has been the subject of several recent research reports. UBS Group set a $60.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lowered their price objective on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Finally, Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an “equal weight” rating in a report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $74.20.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.