UniSuper Management Pty Ltd Cuts Stock Position in Fiserv, Inc. $FISV

UniSuper Management Pty Ltd trimmed its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 55.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,502 shares of the business services provider’s stock after selling 58,003 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Fiserv were worth $6,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $28,000. True Wealth Design LLC increased its stake in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter valued at approximately $34,000. Clear Street LLC acquired a new position in shares of Fiserv during the second quarter valued at approximately $34,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Fiserv in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 34,900 shares of company stock worth $2,211,971. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FISV. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Citigroup lowered their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Seaport Research Partners cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Finally, Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.78.

Fiserv Trading Up 0.2%

Shares of FISV opened at $67.56 on Monday. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The firm has a market capitalization of $36.72 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.88 and a beta of 0.80. The firm has a 50-day moving average price of $65.94 and a 200 day moving average price of $104.93. 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 (NASDAQ:FISV) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.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% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv 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.