Varma Mutual Pension Insurance Co Takes $647,000 Position in Fiserv, Inc. $FISV

Varma Mutual Pension Insurance Co acquired a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,200 shares of the business services provider’s stock, valued at approximately $647,000.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FISV. Barclays set a $52.00 price target on Fiserv and gave the stock an “equal weight” rating in a report on Friday, August 7th. Stephens reaffirmed an “equal weight” rating and issued a $57.00 price objective on shares of Fiserv in a research report on Tuesday, August 11th. BNP Paribas Exane cut shares of 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. TD Cowen dropped their target price on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Finally, Truist Financial set a $53.00 price target on shares of Fiserv and gave the company a “hold” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.20.

Insider Buying and Selling at Fiserv

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

Fiserv Price Performance

Shares of NASDAQ FISV opened at $52.58 on Monday. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.09. The business’s 50 day moving average price is $51.33 and its 200 day moving average price is $55.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a market cap of $27.96 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.95 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) 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 business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current year.

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.