Sequoia Financial Advisors LLC Raises Stock Holdings in Fiserv, Inc. $FISV

Sequoia Financial Advisors LLC lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 15.1% during the third quarter, HoldingsChannel.com reports. The fund owned 96,986 shares of the business services provider’s stock after purchasing an additional 12,745 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fiserv were worth $12,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FISV. Vise Technologies Inc. acquired a new position in Fiserv in the 2nd quarter valued at about $2,320,000. Sowell Financial Services LLC grew its holdings in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares in the last quarter. Factory Mutual Insurance Co. grew its holdings in shares of Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares in the last quarter. Dillon & Associates Inc. raised its position in shares of Fiserv by 9.1% in the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after buying an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC purchased a new position in shares of Fiserv during the second quarter valued at approximately $759,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction on Monday, December 1st. The shares were bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 34,900 shares of company stock worth $2,211,971. Corporate insiders own 1.00% of the company’s stock.

Fiserv Stock Down 0.7%

FISV opened at $66.29 on Monday. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm has a 50 day moving average price of $65.69 and a 200 day moving average price of $108.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $36.03 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Fiserv’s quarterly revenue was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on FISV. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Ten research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and an average target price of $112.92.

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.