Fiserv, Inc. $FISV Shares Purchased by M&G PLC

M&G PLC boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 612.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,602 shares of the business services provider’s stock after purchasing an additional 271,292 shares during the quarter. M&G PLC owned about 0.06% of Fiserv worth $14,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FISV. William Mack & Associates Inc. purchased a new position in shares of Fiserv in the 3rd quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Fiserv during the 2nd quarter valued at about $30,000. Next Level Wealth Planning LLC purchased a new position in Fiserv in the third quarter worth about $29,000. Osterweis Capital Management Inc. bought a new stake in Fiserv during the second quarter worth approximately $32,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in Fiserv by 49.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.3%

FISV opened at $63.32 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50 day moving average price is $49.75 and its 200-day moving average price is $54.56. Fiserv, Inc. has a one year low of $43.87 and a one year high of $70.41. The stock has a market cap of $33.69 billion, a price-to-earnings ratio of -8.53, a P/E/G ratio of 5.65 and a beta of 0.85.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.85 billion. The company’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FISV shares. Keefe, Bruyette & Woods lifted their target price on Fiserv from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. BMO Capital Markets set a $48.00 price target on Fiserv and gave the company a “market perform” rating in a report on Tuesday, October 27th. Bank of America began coverage on Fiserv in a research report on Thursday, October 15th. They issued an “underperform” rating and a $48.00 price target for the company. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Finally, Barclays boosted their price objective on shares of Fiserv from $50.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $64.26.

About Fiserv

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.