North Star Asset Management Inc. Makes New $17.19 Million Investment in Fiserv, Inc. $FISV

North Star Asset Management Inc. acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, HoldingsChannel reports. The firm acquired 350,375 shares of the business services provider’s stock, valued at approximately $17,186,000.

A number of other institutional investors also recently made changes to their positions in the business. Dodge & Cox bought a new stake in Fiserv in the fourth quarter worth $3,323,210,000. BlackRock Inc. bought a new position in shares of Fiserv during the second quarter valued at about $2,079,711,000. State Street Corp bought a new position in shares of Fiserv during the fourth quarter valued at about $1,588,663,000. Geode Capital Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $854,215,000. Finally, Amundi bought a new stake in shares of Fiserv in the 4th quarter valued at about $825,819,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FISV shares. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Mizuho lowered their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Loop Capital dropped their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Price Performance

Shares of Fiserv stock opened at $52.58 on Friday. 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 company has a market cap of $27.96 billion, a PE ratio of 10.09, a P/E/G ratio of 3.95 and a beta of 0.80. The business has a 50 day moving average of $51.65 and a 200 day moving average of $55.62. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $138.85.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Insider Transactions 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 purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.06% of the company’s stock.

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.