Fiserv, Inc. $FISV Position Raised by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp raised its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3,175.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,362 shares of the business services provider’s stock after purchasing an additional 43,977 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Fiserv were worth $5,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FISV. AAFMAA Wealth Management & Trust LLC raised its stake in Fiserv by 6.7% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,920 shares of the business services provider’s stock valued at $892,000 after purchasing an additional 435 shares during the period. Ridgewood Investments LLC lifted its stake in Fiserv by 12,069.6% in the 3rd quarter. Ridgewood Investments LLC now owns 2,799 shares of the business services provider’s stock worth $361,000 after acquiring an additional 2,776 shares in the last quarter. Courant Investment Management LLC acquired a new position in Fiserv during the third quarter worth $10,959,000. Hudson Edge Investment Partners Inc. boosted its stake in shares of Fiserv by 38.0% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 52,015 shares of the business services provider’s stock worth $6,706,000 after acquiring an additional 14,324 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. increased its holdings in shares of Fiserv by 62.4% during the 3rd quarter. Wilkins Investment Counsel Inc. now owns 78,678 shares of the business services provider’s stock valued at $10,144,000 after acquiring an additional 30,222 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. B. Riley reduced their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and decreased their price target for the company from $143.00 to $75.00 in a report on Thursday, October 30th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. TD Cowen restated a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. Finally, Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.78.

Fiserv Stock Performance

FISV opened at $67.40 on Friday. The stock’s 50 day simple moving average is $65.86 and its 200-day simple moving average is $106.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market cap of $36.64 billion, a PE ratio of 10.42, a P/E/G ratio of 3.77 and a beta of 0.80. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

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 the consensus estimate of $2.64 by ($0.60). The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is currently owned by corporate insiders.

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.