Deutsche Bank AG Makes New Investment in Fiserv, Inc. $FISV

Deutsche Bank AG bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,635,270 shares of the business services provider’s stock, valued at approximately $178,310,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Fiserv during the fourth quarter worth approximately $14,907,000. Handelsbanken Fonder AB raised its position in Fiserv by 16.9% in 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 during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Fiserv in the 4th quarter valued at $1,996,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fiserv during the 4th quarter worth $6,589,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Fiserv during the 4th quarter worth $25,558,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The stock was bought at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated 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 approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by company insiders.

Fiserv Stock Down 0.9%

Shares of Fiserv stock opened at $51.72 on Wednesday. Fiserv, Inc. has a one year low of $47.04 and a one year high of $140.42. The company has a market cap of $27.50 billion, a P/E ratio of 9.93, a PEG ratio of 4.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a fifty day moving average of $51.42 and a two-hundred day moving average of $56.04.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FISV shares. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Rothschild & Co Redburn decreased their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Susquehanna lowered their price target on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. BMO Capital Markets restated a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Finally, Truist Financial reduced their price objective on Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.17.

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.