Fiserv, Inc. $FISV Holdings Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 28.2% in the 3rd quarter, Holdings Channel reports. The fund owned 96,523 shares of the business services provider’s stock after acquiring an additional 21,227 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Fiserv were worth $4,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC raised its stake in shares of Fiserv by 69.1% during the third quarter. Chemistry Wealth Management LLC now owns 14,023 shares of the business services provider’s stock worth $634,000 after purchasing an additional 5,729 shares during the last quarter. V Square Quantitative Management LLC grew its position in Fiserv by 11.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 17,460 shares of the business services provider’s stock valued at $789,000 after buying an additional 1,772 shares during the last quarter. Retirement Planning Co of New England Inc. grew its position in Fiserv by 33.5% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 39,663 shares of the business services provider’s stock valued at $1,792,000 after buying an additional 9,961 shares during the last quarter. Mystic Asset Management Inc. increased its stake in Fiserv by 43.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 25,615 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 7,810 shares during the period. Finally, Elevated Private Wealth LLC increased its stake in Fiserv by 9.8% in the 3rd quarter. Elevated Private Wealth LLC now owns 30,287 shares of the business services provider’s stock valued at $1,368,000 after buying an additional 2,698 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lance Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Bank of America started coverage on shares of Fiserv in a research report on Thursday, October 15th. They set an “underperform” rating and a $48.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Barclays set a $50.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a report on Friday, October 9th. Citigroup cut their price target on shares of Fiserv from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Friday. Finally, Oppenheimer cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.17.

Fiserv Stock Performance

NASDAQ FISV opened at $47.69 on Tuesday. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $128.78. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 4.75 and a beta of 0.80. The business has a fifty day moving average of $49.35 and a 200-day moving average of $52.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last issued 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 company had revenue of $4.96 billion during 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 business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 7.25 earnings per share for the current fiscal year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.