North Star Asset Management Inc. Makes New $17.19 Million Investment in Fiserv, Inc. $FISV

North Star Asset Management Inc. bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 350,375 shares of the business services provider’s stock, valued at approximately $17,186,000. North Star Asset Management Inc. owned approximately 0.07% of Fiserv as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FISV. Private Wealth Asset Management LLC bought a new position in shares of Fiserv in the fourth quarter worth $25,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Goodman Advisory Group LLC purchased a new stake in Fiserv during the 4th quarter worth about $27,000. Tripletail Wealth Management LLC purchased a new stake in Fiserv during the 4th quarter worth about $27,000. Finally, Godfrey Financial Associates Inc. bought a new position in Fiserv in the 4th quarter worth about $29,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of FISV opened at $52.58 on Friday. The company has a market cap of $27.96 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.95 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. The stock has a 50-day moving average price of $51.65 and a 200-day moving average price of $55.62. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $138.85.

Fiserv (NASDAQ:FISV) last posted 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 company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on FISV. Robert W. Baird set a $78.00 target price on Fiserv in a report on Wednesday, May 6th. Stephens reissued an “equal weight” rating and issued a $57.00 price target on shares of Fiserv in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Rothschild & Co Redburn reduced their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, UBS Group set a $60.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research note on Friday, August 7th. Six equities research 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 company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average target price of $74.20.

Insiders Place Their Bets

In related news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd bought 10,060 shares of the business’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 completion of the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.06% of the company’s stock.

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.