13,278 Shares in Fiserv, Inc. $FISV Purchased by Hardy Reed LLC

Hardy Reed LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,278 shares of the business services provider’s stock, valued at approximately $651,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Fiserv by 91.9% in the fourth 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 in the last quarter. Bison Wealth LLC grew its stake in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at $1,001,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.06% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $54.39 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.06. Fiserv, Inc. has a one year low of $47.04 and a one year high of $140.42. The business’s 50 day simple moving average is $51.47 and its two-hundred day simple moving average is $56.31. The stock has a market capitalization of $28.92 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 4.17 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv’s revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on FISV shares. Truist Financial cut their target price on shares of Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Citigroup reaffirmed a “neutral” rating and set a $57.00 price target (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Stephens reiterated an “equal weight” rating and issued a $57.00 price objective on shares of Fiserv in a report on Tuesday. Weiss Ratings cut Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. Finally, B. Riley Financial dropped their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.17.

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.