Thor Investment Management Inc. OH ADV Acquires 11,771 Shares of Fiserv, Inc. $FISV

Thor Investment Management Inc. OH ADV increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 16.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,565 shares of the business services provider’s stock after purchasing an additional 11,771 shares during the period. Fiserv makes up 2.2% of Thor Investment Management Inc. OH ADV’s holdings, making the stock its 13th biggest position. Thor Investment Management Inc. OH ADV’s holdings in Fiserv were worth $3,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Keating Financial Advisory Services Inc. purchased a new stake in Fiserv in the second quarter valued at $30,000. Osterweis Capital Management Inc. purchased a new stake in shares of Fiserv in the second quarter worth about $32,000. Reflection Asset Management acquired a new stake in Fiserv during the fourth quarter worth about $36,000. Caitlin John LLC purchased a new position in Fiserv during the second quarter valued at approximately $45,000. Finally, Bank of New Hampshire purchased a new position in Fiserv during the fourth quarter valued at approximately $46,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.61 on Tuesday, reaching $46.66. The company’s stock had a trading volume of 4,091,478 shares, compared to its average volume of 7,632,730. 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 stock has a 50-day moving average price of $49.84 and a 200-day moving average price of $52.91. The company has a market capitalization of $24.81 billion, a P/E ratio of 8.96, a PEG ratio of 4.55 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $43.87 and a 52-week high of $128.78.

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 for 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 business’s revenue was down 4.1% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on FISV. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price objective (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Stephens reiterated an “equal weight” rating and issued a $57.00 target price on shares of Fiserv in a research note on Tuesday, August 11th. Truist Financial set a $53.00 price target on shares of Fiserv and gave the company a “hold” rating in a research report on Thursday, August 20th. UBS Group set a $60.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.21.

Insider Buying and Selling

In other news, Director Lance Fritz acquired 10,000 shares of the business’s stock in a transaction on 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 owned 27,207 shares in the company, valued at approximately $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.