Stoneridge Investment Partners LLC Buys 10,888 Shares of Fiserv, Inc. $FISV

Stoneridge Investment Partners LLC lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 124.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,658 shares of the business services provider’s stock after acquiring an additional 10,888 shares during the period. Fiserv accounts for 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Fiserv in the second quarter valued at about $1,252,260,000. Marshall Wace LLP purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $356,643,000. Worldquant Millennium Advisors LLC raised its stake in shares of Fiserv by 2,134.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after acquiring an additional 948,634 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of Fiserv during the 2nd quarter worth approximately $154,307,000. Finally, Amundi boosted its stake in Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after acquiring an additional 807,916 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 34,900 shares of company stock worth $2,211,971. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Up 0.2%

Shares of FISV stock opened at $67.56 on Friday. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a market capitalization of $36.73 billion, a PE ratio of 10.44, a P/E/G ratio of 3.88 and a beta of 0.80. 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 stock’s 50-day simple moving average is $65.94 and its 200-day simple moving average is $105.39.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.37 billion. During the same period last year, the firm earned $2.30 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

FISV has been the topic of a number of recent analyst reports. Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Zacks Research raised Fiserv from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a research report on Friday, November 14th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $114.78.

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.