OMERS ADMINISTRATION Corp Takes Position in Fiserv, Inc. $FISV

OMERS ADMINISTRATION Corp purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The institutional investor purchased 30,404 shares of the business services provider’s stock, valued at approximately $1,491,000.

A number of other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new stake in Fiserv in the fourth quarter worth $25,000. Private Wealth Asset Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at $25,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv in the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Fiserv during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Susquehanna decreased their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. B. Riley Financial lowered their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Barclays set a $52.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.20.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is currently owned by insiders.

Fiserv Trading Up 0.0%

NASDAQ:FISV opened at $52.45 on Thursday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $138.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $51.56 and a two-hundred day moving average price of $55.67. The company has a market cap of $27.89 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 3.94 and a beta of 0.80.

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