Equitable Holdings Inc. Purchases New Shares in Fiserv, Inc. $FISV

Equitable Holdings Inc. acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, HoldingsChannel reports. The fund acquired 14,090 shares of the business services provider’s stock, valued at approximately $691,000.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC boosted its stake in shares of Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC raised its stake in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in Fiserv by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after buying an additional 195 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after buying an additional 198 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in Fiserv by 10.4% in the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after buying an additional 215 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on FISV shares. TD Cowen decreased their target price on Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. dropped their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Barclays set a $52.00 price target on Fiserv and gave the stock an “equal weight” rating in a research note on Friday, August 7th. UBS Group set a $60.00 price objective on Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Mizuho lowered their price objective on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $74.20.

Fiserv Trading Up 1.1%

Fiserv stock opened at $53.18 on Friday. Fiserv, Inc. has a 52-week low of $47.04 and a 52-week high of $138.85. The company has a market cap of $28.28 billion, a P/E ratio of 10.21, a P/E/G ratio of 4.00 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $51.76 and a two-hundred day simple moving average of $55.60.

Fiserv (NASDAQ:FISV) last issued 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). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post 7.26 EPS for the current year.

Insider Activity

In other news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by company insiders.

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.