Madison Asset Management LLC Makes New Investment in Fiserv, Inc. $FISV

Madison Asset Management LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 110,600 shares of the business services provider’s stock, valued at approximately $5,425,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC increased its stake in Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 98 shares during the last quarter. Bison Wealth LLC raised its position in Fiserv by 5.3% during the fourth 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 in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after purchasing an additional 195 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Fiserv by 2.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after purchasing an additional 198 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 215 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FISV shares. The Goldman Sachs Group restated a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a research report on Friday, August 7th. Barclays set a $52.00 target price on Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. BNP Paribas Exane downgraded 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Finally, Rothschild & Co Redburn reduced their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.17.

Fiserv Stock Performance

Shares of FISV stock opened at $52.08 on Thursday. The business’s 50-day moving average price is $51.39 and its 200-day moving average price is $55.96. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.42. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.88 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS 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.