Tidal Investments LLC Has $5.79 Million Stock Holdings in Fiserv, Inc. $FISV

Tidal Investments LLC lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,056 shares of the business services provider’s stock after selling 10,563 shares during the quarter. Tidal Investments LLC’s holdings in Fiserv were worth $5,791,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its holdings in shares of Fiserv by 16.9% during the 2nd 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 in the last quarter. Blume Capital Management Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $4,226,000. Mission Wealth Management LP bought a new position in Fiserv in the fourth quarter valued at approximately $696,000. Renaissance Technologies LLC boosted its holdings in shares of Fiserv by 437.5% in the first 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 during the period. Finally, Stanley Capital Management LLC bought a new stake in shares of Fiserv during the second quarter worth $6,159,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $51.58 on Monday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $135.88. The company has a market cap of $27.43 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80. The business’s 50 day moving average price is $52.22 and its two-hundred day moving average price is $54.90. 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 the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 7.26 EPS for the current year.

Insider Activity

In related news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays set a $52.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. UBS Group set a $60.00 price objective on Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 target price (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $53.00 price target on shares of Fiserv in a research note on Monday, August 31st. Finally, BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.20.

Fiserv 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.