SSA Swiss Advisors AG purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,295 shares of the business services provider’s stock, valued at approximately $1,232,000.
A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC increased its stake 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 during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after acquiring an additional 483 shares in the last quarter. Jump Financial LLC bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Stock Down 1.9%
NASDAQ FISV opened at $47.86 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52 week low of $47.37 and a 52 week high of $177.36. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.36 and a beta of 0.79. The company has a fifty day moving average of $56.73 and a two-hundred day moving average of $60.75.
Key Headlines Impacting Fiserv
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: CFO Paul M. Todd bought 10,060 shares for about $500,000, a sign of insider confidence that can help reassure investors after recent leadership uncertainty. Insider transaction filing
- Positive Sentiment: Multiple insiders reportedly bought more than $1 million of stock after the CEO exit, which may be viewed as a vote of confidence in Fiserv’s outlook. MSN article
- Neutral Sentiment: UBS reiterated a Hold rating, suggesting analysts are not yet moving more bullish despite the recent price weakness. UBS note
- Neutral Sentiment: Fiserv announced a €1 billion senior notes offering, which adds financing flexibility but could also raise investor focus on leverage and interest expense. Senior notes offering
- Negative Sentiment: The biggest overhang remains the sudden departure of CEO Mike Lyons, which has triggered concerns about execution and leadership stability. CEO departure article
- Negative Sentiment: Broader market rotation away from technology and into financials may also be influencing Fiserv’s move, but it does not remove the company-specific uncertainty. Sector rotation article
Insider Buying and Selling
In other news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on FISV. Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Rothschild & Co Redburn lowered their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Citigroup dropped their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company reduced their target price on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Finally, Morgan Stanley increased their price target on shares of Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $82.23.
Get Our Latest Report on Fiserv
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.
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