Mill Capital Management LLC Buys 15,358 Shares of Fiserv, Inc. $FISV

Mill Capital Management LLC boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,351 shares of the business services provider’s stock after buying an additional 15,358 shares during the quarter. Fiserv makes up approximately 1.4% of Mill Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Mill Capital Management LLC’s holdings in Fiserv were worth $19,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Brighton Jones LLC increased its position in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC lifted its holdings in 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 buying an additional 116 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Fiserv during the second quarter valued at $1,735,000. UMB Bank n.a. raised its position in shares of Fiserv by 2.6% in the 2nd quarter. UMB Bank n.a. now owns 9,523 shares of the business services provider’s stock worth $1,642,000 after acquiring an additional 239 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in shares of Fiserv by 4.7% in the 2nd quarter. Silver Oak Securities Incorporated now owns 2,962 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 34,900 shares of company stock worth $2,211,971 in the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FISV opened at $65.34 on Tuesday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market cap of $35.52 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.67 and a beta of 0.80. The business’s 50 day moving average price is $65.74 and its 200-day moving average price is $107.92.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 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 firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the firm earned $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. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

FISV has been the subject of several recent analyst reports. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research report on Thursday, October 16th. Truist Financial lowered shares of Fiserv from a “buy” rating to a “hold” rating and cut their target price for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Finally, Argus reaffirmed a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.92.

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.