Nykredit A S Takes Position in Fiserv, Inc. $FISV

Nykredit A S bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The fund bought 189,287 shares of the business services provider’s stock, valued at approximately $9,285,000.

A number of other large investors also recently added to or reduced their stakes in FISV. Dodge & Cox acquired a new position in shares of Fiserv in the 4th quarter valued at $3,323,210,000. BlackRock Inc. purchased a new stake in Fiserv in the 2nd quarter valued at about $2,079,711,000. State Street Corp purchased a new stake in Fiserv in the 4th quarter valued at about $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $854,215,000. Finally, Amundi purchased a new position in Fiserv during the fourth quarter worth about $825,819,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director directly 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was 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 Stock Up 0.5%

Shares of NASDAQ FISV opened at $53.00 on Friday. The stock has a market cap of $28.18 billion, a P/E ratio of 10.17, a PEG ratio of 3.99 and a beta of 0.80. The business’s fifty day simple moving average is $52.22 and its 200-day simple moving average is $55.32. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $138.62. 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 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial set a $53.00 price target on shares of Fiserv and gave the company a “hold” rating in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. TD Cowen restated a “hold” rating and set a $55.00 price target on shares of Fiserv in a research note on Thursday. Finally, UBS Group set a $60.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.20.

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.