Fiserv, Inc. $FISV Holdings Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 291.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,044 shares of the business services provider’s stock after purchasing an additional 175,725 shares during the period. Fiserv makes up 0.7% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 4th biggest holding. Y Intercept Hong Kong Ltd’s holdings in Fiserv were worth $30,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sound Income Strategies LLC purchased a new position in Fiserv during the third quarter worth about $28,000. True Wealth Design LLC boosted its position in shares of Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Fiserv during the second quarter worth about $34,000. Clear Street LLC bought a new position in shares of Fiserv in the second quarter worth approximately $34,000. Finally, Westfuller Advisors LLC purchased a new stake in Fiserv in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research note on Thursday, October 16th. Finally, Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.78.

Fiserv Trading Up 0.2%

NASDAQ FISV opened at $67.56 on Friday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year 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 $65.94 and a 200-day moving average of $105.84. The firm has a market cap of $36.72 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 3.87 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 company 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%.Fiserv’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 earnings per share. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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.