Corient Private Wealth LP Takes $8.35 Million Position in Fiserv, Inc. $FISV

Corient Private Wealth LP purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 614,273 shares of the business services provider’s stock, valued at approximately $8,352,000.

A number of other large investors also recently bought and sold shares of FISV. Dodge & Cox acquired a new stake in Fiserv in the 4th quarter valued at $3,323,210,000. BlackRock Inc. purchased a new stake in Fiserv in the 2nd quarter worth $2,079,711,000. State Street Corp acquired a new position in Fiserv during the fourth quarter worth $1,588,663,000. Geode Capital Management LLC purchased a new position in Fiserv during the fourth quarter valued at $854,215,000. Finally, Amundi purchased a new position in Fiserv during the fourth quarter valued at $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $53.18 on Monday. 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. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $138.85. The company’s 50-day moving average price is $51.76 and its 200-day moving average price is $55.57. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on 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 purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of research reports. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Susquehanna cut their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Finally, Robert W. Baird set a $78.00 target price on Fiserv in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.20.

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.