National Pension Service Has $54.36 Million Position in Fiserv, Inc. $FISV

National Pension Service grew its stake in Fiserv, Inc. (NASDAQ:FISV) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,108,247 shares of the business services provider’s stock after acquiring an additional 124,037 shares during the quarter. National Pension Service’s holdings in Fiserv were worth $54,360,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FISV. Private Wealth Asset Management LLC acquired a new position in Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. Goodman Advisory Group LLC acquired a new stake in Fiserv in the fourth quarter worth $27,000. Tripletail Wealth Management LLC bought a new position in shares of Fiserv during the fourth quarter worth $27,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Fiserv during the fourth quarter worth $29,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 5.4%

Shares of NASDAQ:FISV opened at $51.58 on Friday. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $135.88. The company’s fifty day simple moving average is $52.22 and its 200 day simple moving average is $54.93. 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 (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm’s revenue was down 4.1% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial set a $53.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research report on Thursday, August 20th. Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 target price on shares of Fiserv in a report on Monday, August 31st. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Morgan Stanley set a $59.00 price target on Fiserv in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $56.00 price target on Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Six 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.20.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.