Inlet Private Wealth LLC Invests $1.25 Million in Fiserv, Inc. $FISV

Inlet Private Wealth LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,724 shares of the business services provider’s stock, valued at approximately $1,254,000.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of Fiserv during the third quarter valued at $28,000. True Wealth Design LLC boosted its stake in Fiserv by 3,750.0% in 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 purchased a new stake in Fiserv during the 2nd quarter valued at about $34,000. Clear Street LLC bought a new stake in Fiserv during the 2nd quarter valued at about $34,000. Finally, Westfuller Advisors LLC purchased a new position in Fiserv in the third quarter worth about $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.2%

Fiserv stock opened at $67.56 on Friday. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The stock has a fifty day moving average of $65.94 and a 200 day moving average of $105.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock 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 announced its 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). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the previous year, the business posted $2.30 earnings per share. The company’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, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. B. Riley cut their price target on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Seaport Research Partners cut Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $79.00 in a report on Thursday, October 30th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Finally, BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $114.78.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by company insiders.

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.