11,432 Shares in Fiserv, Inc. $FISV Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The firm bought 11,432 shares of the business services provider’s stock, valued at approximately $561,000.

Several other institutional investors have also recently bought and sold shares of FISV. Oakworth Capital Inc. acquired a new position in Fiserv during the 4th quarter worth $25,000. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $25,000. Kimelman & Baird LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Goodman Advisory Group LLC bought a new position in shares of Fiserv in the fourth quarter worth about $27,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Fiserv in the fourth quarter worth about $27,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Friday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Susquehanna reduced their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Finally, Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.17.

Fiserv Stock Down 0.9%

Shares of FISV opened at $51.72 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $51.42 and a 200-day simple moving average of $56.04. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.42. The firm has a market capitalization of $27.50 billion, a P/E ratio of 9.93, a P/E/G ratio of 4.09 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its earnings results 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 return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Insider Buying and Selling

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

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.