Nordea Investment Management AB Grows Stock Holdings in Fiserv, Inc. $FISV

Nordea Investment Management AB grew its position in Fiserv, Inc. (NASDAQ:FISV) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,003,668 shares of the business services provider’s stock after buying an additional 78,220 shares during the quarter. Nordea Investment Management AB’s holdings in Fiserv were worth $258,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FISV. Norges Bank acquired a new position in Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi boosted its stake in shares of 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 purchasing an additional 807,916 shares during the period. Legal & General Group Plc grew its holdings in shares of Fiserv by 1.1% in the second quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock valued at $604,486,000 after purchasing an additional 39,036 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Fiserv by 3.9% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after buying an additional 109,427 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Fiserv by 34.7% during the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after buying an additional 680,743 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FISV shares. Jefferies Financial Group cut their price objective on Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Compass Point cut Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research note on Wednesday, October 29th. Zacks Research lowered Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Sanford C. Bernstein cut Fiserv from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Finally, Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Ten equities 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 company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $114.42.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 in the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $66.75 on Wednesday. The stock’s 50-day simple moving average is $65.47 and its 200-day simple moving average is $110.92. The firm has a market capitalization of $36.28 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.73 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same period last year, the company earned $2.30 earnings per share. The business’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. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.