Nichols & Pratt Advisers LLP MA cut its holdings in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 286,796 shares of the business services provider’s stock after selling 18,886 shares during the period. Fiserv accounts for about 1.0% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 29th biggest position. Nichols & Pratt Advisers LLP MA owned 0.05% of Fiserv worth $16,003,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $1,001,000. Finally, Gamco Investors INC. ET AL raised its holdings in Fiserv by 7.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Stock Down 4.0%
FISV stock opened at $50.60 on Thursday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $171.77. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $26.98 billion, a P/E ratio of 8.58, a PEG ratio of 1.48 and a beta of 0.82. The firm has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $59.08.
Analysts Set New Price Targets
FISV has been the subject of several recent research reports. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft cut their price objective on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Cantor Fitzgerald decreased their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Keefe, Bruyette & Woods lowered their target price on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Finally, Susquehanna reissued a “positive” rating and set a $91.00 price target (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average target price of $77.87.
Read Our Latest Stock Analysis on FISV
Insider Buying and Selling at Fiserv
In related news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.
Fiserv News Roundup
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Shares were boosted by reports that major U.S. banks are exploring a possible purchase of Fiserv’s STAR debit network, with investors viewing the network as a valuable strategic asset that could unlock significant proceeds for Fiserv. Fiserv’s executive turnover continues with president’s resignation
- Positive Sentiment: Analysts at Barclays assigned Fiserv an “equal weight” rating with a $58 price target, while JPMorgan’s new $62 target still implies upside from recent trading levels, suggesting Wall Street sees some value even after the pullback. JPMorgan price target cut on Fiserv
- Neutral Sentiment: Coverage from Barclays and JPMorgan reflects a cautious but not outright bearish stance, with both firms maintaining neutral-type views as investors wait for more clarity on any asset sale and Fiserv’s strategic direction. Fiserv (FISV) Banks Are Circling STAR And Debit Fees Could Be Next
- Neutral Sentiment: Fiserv President Dhivya Suryadevara resigned, adding to the company’s recent executive turnover and creating uncertainty around management stability during a period of strategic review. Fiserv President Dhivya Suryadevara Resigns Citing ‘Good Reason’ Contract Clause
- Negative Sentiment: Some analysts warned that a potential sale of the debit network could face regulatory scrutiny and political resistance, which could limit the likelihood or value of any transaction. FISV stock draws attention after debit network sale buzz: This analyst warns deal could face regulatory scrutiny
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.
Recommended Stories
- Five stocks we like better than Fiserv
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.
