Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Fiserv, Inc. $FISV

Sumitomo Mitsui Trust Group Inc. reduced its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,342,302 shares of the business services provider’s stock after selling 27,415 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Fiserv worth $173,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the last quarter. Parallel Advisors LLC increased its stake in Fiserv by 79.6% during the 2nd quarter. Parallel Advisors LLC now owns 12,328 shares of the business services provider’s stock valued at $2,125,000 after purchasing an additional 5,464 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in Fiserv in the second quarter worth about $345,000. Finally, NBC Securities Inc. raised its holdings in Fiserv by 4.1% in the second quarter. NBC Securities Inc. now owns 12,072 shares of the business services provider’s stock worth $2,081,000 after buying an additional 473 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 2.4%

NASDAQ FISV opened at $68.20 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 company has a market capitalization of $37.07 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 2.80 and a beta of 0.80. The stock’s 50-day moving average price is $65.42 and its 200-day moving average price is $111.67.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were acquired 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 owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 34,900 shares of company stock worth $2,211,971. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FISV has been the topic of several analyst reports. Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. BTIG Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price objective on shares of Fiserv in a report on Thursday, December 4th. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. Finally, Cowen restated a “hold” rating on shares of Fiserv in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $114.42.

Fiserv Company 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.