Fiserv, Inc. $FISV Stock: Murphy Pohlad Asset Management LLC Increases Holdings

Murphy Pohlad Asset Management LLC lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 50.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,810 shares of the business services provider’s stock after buying an additional 16,785 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Fiserv were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $2,079,711,000. JANA Partners Management LP raised its holdings in shares of Fiserv by 97.5% in the 1st quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock valued at $247,507,000 after buying an additional 2,190,085 shares during the period. Deutsche Bank AG purchased a new stake in shares of Fiserv in the 2nd quarter valued at $178,310,000. Legal & General Group Plc acquired a new position in Fiserv during the 2nd quarter worth about $161,557,000. Finally, Turtle Creek Asset Management Inc. lifted its stake in Fiserv by 968.1% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock worth $147,517,000 after acquiring an additional 2,396,167 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, Director Lance Fritz bought 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Fiserv Stock Down 1.9%

FISV traded down $0.96 on Friday, hitting $49.86. 5,219,252 shares of the company were exchanged, compared to its average volume of 5,792,775. The firm has a 50-day moving average price of $49.01 and a two-hundred day moving average price of $52.53. 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 twelve month low of $43.87 and a twelve month high of $128.78. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 5.08 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 7.25 earnings per share for the current year.

Analyst Ratings Changes

FISV has been the subject of a number of research analyst reports. TD Cowen lowered their target price on Fiserv from $55.00 to $49.00 and set a “hold” rating for the company in a report on Friday, October 9th. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. The Goldman Sachs Group reissued a “neutral” rating and set a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th. Truist Financial set a $51.00 price objective on shares of Fiserv and gave the company a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.48.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.