318,290 Shares in Fiserv, Inc. $FISV Acquired by Danske Bank A S

Danske Bank A S purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 318,290 shares of the business services provider’s stock, valued at approximately $15,612,000. Danske Bank A S owned approximately 0.06% of Fiserv at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Stonebridge Capital Advisors LLC boosted its holdings in Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares during the last quarter. Bison Wealth LLC raised its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after acquiring an additional 195 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after acquiring an additional 198 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 215 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho dropped their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research report on Friday, June 5th. Citigroup restated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, Robert W. Baird set a $78.00 price target on Fiserv in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Stock Down 1.3%

Shares of FISV opened at $51.38 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.19. The firm’s 50 day moving average is $51.36 and its 200-day moving average is $55.87. The stock has a market capitalization of $27.32 billion, a PE ratio of 9.86, a P/E/G ratio of 3.91 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current year.

Insider Activity

In other news, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.06% of the company’s stock.

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.