Clear Harbor Asset Management LLC Buys New Stake in Fiserv, Inc. $FISV

Clear Harbor Asset Management LLC purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,319 shares of the business services provider’s stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in shares of Fiserv in the 4th quarter worth approximately $3,507,063,000. Dodge & Cox acquired a new stake in Fiserv in the 4th quarter valued at $3,323,210,000. BlackRock Inc. acquired a new stake in Fiserv in the 2nd quarter valued at $2,079,711,000. State Street Corp bought a new stake in Fiserv in the fourth quarter valued at $1,588,663,000. Finally, Geode Capital Management LLC bought a new stake in Fiserv in the fourth quarter valued at $854,215,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the subject of a number of analyst reports. UBS Group set a $60.00 price objective on Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Truist Financial set a $53.00 target price on shares of Fiserv and gave the stock a “hold” rating in a research report on Thursday. Cantor Fitzgerald reissued a “neutral” rating and set a $53.00 price target (down from $62.00) on shares of Fiserv in a report on Wednesday, July 22nd. Stephens restated an “equal weight” rating and issued a $57.00 price target on shares of Fiserv in a research report on Tuesday, August 11th. Finally, Barclays set a $52.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.20.

Fiserv Stock Performance

Shares of FISV opened at $52.58 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $140.09. The firm has a market capitalization of $27.96 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. The stock’s fifty day simple moving average is $51.33 and its 200-day simple moving average is $55.80.

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

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost 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 in the company, valued at $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 hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by insiders.

Fiserv 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.