Wilkins Investment Counsel Inc. Has $10.14 Million Stock Position in Fiserv, Inc. $FISV

Wilkins Investment Counsel Inc. raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 62.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,678 shares of the business services provider’s stock after buying an additional 30,222 shares during the quarter. Fiserv comprises approximately 1.4% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 29th biggest holding. Wilkins Investment Counsel Inc.’s holdings in Fiserv were worth $10,144,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new stake in shares of Fiserv during the third quarter worth $28,000. True Wealth Design LLC increased its holdings in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Clear Street LLC bought a new stake in shares of Fiserv in the second quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.9%

NASDAQ FISV opened at $65.73 on Thursday. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $65.80 and a 200-day moving average of $106.85. The company has a market cap of $35.73 billion, a PE ratio of 10.16, a PEG ratio of 3.70 and a beta of 0.80.

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

Wall Street Analyst Weigh In

FISV has been the subject of a number of research reports. Tigress Financial set a $95.00 price objective on Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a report on Thursday, October 30th. Ten equities research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.78.

Insider Activity

In other news, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by company insiders.

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.