Patient Capital Management LLC Makes New Investment in Fiserv, Inc. $FISV

Patient Capital Management LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 953,637 shares of the business services provider’s stock, valued at approximately $46,776,000. Fiserv makes up 1.5% of Patient Capital Management LLC’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also modified their holdings of FISV. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the fourth quarter valued at $25,000. Kimelman & Baird LLC acquired a new stake in Fiserv in the fourth quarter valued at $27,000. Goodman Advisory Group LLC purchased a new stake in Fiserv during the 4th quarter worth about $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in Fiserv during the 4th quarter worth about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FISV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Friday, June 5th. Barclays set a $52.00 price target on Fiserv and gave the company an “equal weight” rating in a report on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, Citigroup reissued a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Six 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.20.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the company’s stock in a transaction 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 purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly 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. 0.06% of the stock is owned by corporate insiders.

Fiserv Stock Performance

FISV opened at $52.58 on Monday. 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, Inc. has a 52 week low of $47.04 and a 52 week high of $140.09. The business’s 50 day moving average is $51.33 and its two-hundred day moving average is $55.80. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 7.27 EPS for the current 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.