Navera Investment Management Ltd. Sells 323,264 Shares of Fiserv, Inc. $FISV

Navera Investment Management Ltd. lessened its holdings in Fiserv, Inc. (NASDAQ:FISV) by 17.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,496,581 shares of the business services provider’s stock after selling 323,264 shares during the quarter. Fiserv accounts for 3.7% of Navera Investment Management Ltd.’s investment portfolio, making the stock its 16th largest position. Navera Investment Management Ltd. owned approximately 0.28% of Fiserv worth $192,930,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FISV. Sound Income Strategies LLC bought a new position in Fiserv during the third quarter valued at about $28,000. True Wealth Design LLC raised its position in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares during the period. Hager Investment Management Services LLC purchased a new position in Fiserv in the second quarter valued at about $34,000. Clear Street LLC bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $34,000. Finally, Armstrong Advisory Group Inc. increased its stake in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 34,900 shares of company stock valued at $2,211,971 in the last three months. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Down 0.7%

Shares of NASDAQ FISV opened at $66.29 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $36.03 billion, a P/E ratio of 10.25, a P/E/G ratio of 2.67 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The business has a 50-day simple moving average of $65.69 and a two-hundred day simple moving average of $109.14.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 earnings per share. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FISV has been the topic of a number of research reports. Tigress Financial set a $95.00 price target on shares of Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group cut Fiserv from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus price target of $112.92.

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.