Stoneridge Investment Partners LLC Grows Stock Holdings in Fiserv, Inc. $FISV

Stoneridge Investment Partners LLC raised its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 124.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,658 shares of the business services provider’s stock after purchasing an additional 10,888 shares during the quarter. Fiserv accounts for about 1.7% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 14th largest position. Stoneridge Investment Partners LLC’s holdings in Fiserv were worth $2,535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new position in shares of Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi raised its position in Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the period. Legal & General Group Plc raised its position in Fiserv by 1.1% during the second quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock valued at $604,486,000 after purchasing an additional 39,036 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock valued at $362,128,000 after purchasing an additional 109,427 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Fiserv by 34.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after purchasing an additional 680,743 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on FISV shares. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Mizuho dropped their price target on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. Royal Bank Of Canada set a $85.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, B. Riley dropped their target price on Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.78.

Fiserv Price Performance

Shares of FISV stock opened at $67.56 on Friday. The company has a market capitalization of $36.73 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.88 and a beta of 0.80. The company’s 50-day simple moving average is $65.94 and its two-hundred day simple moving average is $105.39. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

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

Insiders Place Their Bets

In other news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by company insiders.

Fiserv 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.