Fiserv, Inc. $FISV Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 40.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,507 shares of the business services provider’s stock after selling 173,906 shares during the period. Fiserv accounts for about 5.1% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 3rd largest position. Mountain Pacific Investment Advisers LLC’s holdings in Fiserv were worth $32,427,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wilkins Investment Counsel Inc. boosted its position in Fiserv by 62.4% during the third quarter. Wilkins Investment Counsel Inc. now owns 78,678 shares of the business services provider’s stock worth $10,144,000 after acquiring an additional 30,222 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Fiserv during the third quarter worth $903,000. Rakuten Investment Management Inc. acquired a new position in Fiserv in the third quarter valued at $7,964,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Fiserv by 5.0% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 575,866 shares of the business services provider’s stock worth $74,246,000 after buying an additional 27,434 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in Fiserv by 88.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,769 shares of the business services provider’s stock worth $476,000 after buying an additional 1,764 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FISV shares. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Mizuho cut their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.78.

Insider Activity

In related news, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Fiserv stock opened at $65.73 on Thursday. The firm has a fifty day moving average of $65.80 and a 200-day moving average of $106.85. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. 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 firm has a market capitalization of $35.73 billion, a P/E ratio of 10.16, a PEG ratio of 3.70 and a beta of 0.80.

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 analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the company posted $2.30 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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.