Monaco Asset Management SAM Makes New Investment in Fiserv, Inc. $FISV

Monaco Asset Management SAM bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 415,100 shares of the business services provider’s stock, valued at approximately $20,361,000. Fiserv accounts for approximately 1.6% of Monaco Asset Management SAM’s holdings, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Stonebridge Capital Advisors LLC increased its stake in Fiserv by 2.3% in the second 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 increased its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $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% during the 2nd 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 during the period. SkyView Investment Advisors LLC lifted its holdings in Fiserv by 2.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after acquiring an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FISV shares. Mizuho lowered their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Truist Financial cut their price objective on Fiserv from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Finally, UBS Group set a $60.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.17.

Fiserv Price Performance

FISV stock opened at $54.39 on Monday. The stock has a 50-day moving average price of $51.47 and a two-hundred day moving average price of $56.23. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $140.42. The stock has a market cap of $28.92 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 4.09 and a beta of 0.80. 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 issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

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.