Rakuten Investment Management Inc. Takes Position in Fiserv, Inc. $FISV

Rakuten Investment Management Inc. acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 61,772 shares of the business services provider’s stock, valued at approximately $7,964,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FISV. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the 2nd quarter worth $34,000. Clear Street LLC purchased a new stake in Fiserv in the second quarter valued at about $34,000. Armstrong Advisory Group Inc. boosted its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Fiserv during the third quarter worth about $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $91.00 target price on shares of Fiserv in a research report on Thursday, October 30th. Mizuho reduced their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. Stephens set a $75.00 price target on Fiserv in a research note on Friday, January 16th. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Finally, William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.78.

Fiserv Trading Up 1.9%

Shares of NASDAQ:FISV opened at $65.73 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The business has a 50 day moving average of $65.80 and a two-hundred day moving average of $106.85. The company has a market capitalization of $35.73 billion, a PE ratio of 10.16, a PEG ratio of 3.70 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the firm earned $2.30 earnings per share. Fiserv’s revenue for the quarter was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 34,900 shares of company stock worth $2,211,971 in the last ninety days. Company insiders own 1.00% of the company’s stock.

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.