Svenska Handelsbanken AB publ Takes Position in Fiserv, Inc. $FISV

Svenska Handelsbanken AB publ purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 200,000 shares of the business services provider’s stock, valued at approximately $25,786,000. Fiserv makes up approximately 9.0% of Svenska Handelsbanken AB publ’s holdings, making the stock its 7th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in FISV. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Martingale Asset Management L P bought a new position in Fiserv in the 1st quarter worth approximately $639,000. CW Advisors LLC raised its position in Fiserv by 270.6% in the 1st quarter. CW Advisors LLC now owns 13,733 shares of the business services provider’s stock worth $3,038,000 after purchasing an additional 10,027 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in Fiserv by 178.1% during the 1st quarter. AlphaQuest LLC now owns 4,478 shares of the business services provider’s stock worth $989,000 after buying an additional 2,868 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was 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, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on FISV. Compass Point cut Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research note on Wednesday, October 29th. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and decreased their price target for the company from $143.00 to $75.00 in a report on Thursday, October 30th. Citigroup lowered their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $121.08.

Fiserv Stock Performance

FISV stock opened at $67.94 on Monday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $36.93 billion, a PE ratio of 10.50, a P/E/G ratio of 2.62 and a beta of 0.80. The business’s 50-day moving average price is $78.73 and its two-hundred day moving average price is $122.79.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.