Fiserv, Inc. $FISV Stock Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 2,675.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 159,241 shares of the business services provider’s stock after acquiring an additional 153,504 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Fiserv were worth $7,223,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Fiserv by 14.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 29,881 shares of the business services provider’s stock worth $1,356,000 after buying an additional 3,830 shares during the period. StoneRidge PMG Advisors LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $728,000. Hohimer Wealth Management LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $937,000. University of Texas Texas AM Investment Management Co. boosted its holdings in Fiserv by 444.1% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 3,455 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,820 shares during the period. Finally, Ethic Inc. boosted its holdings in Fiserv by 7.0% during the 3rd quarter. Ethic Inc. now owns 46,283 shares of the business services provider’s stock valued at $2,091,000 after acquiring an additional 3,031 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Fiserv stock opened at $62.88 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22. The firm has a market cap of $33.46 billion, a P/E ratio of -8.47, a P/E/G ratio of 5.60 and a beta of 0.85. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $70.41. The firm has a 50-day moving average of $49.34 and a 200-day moving average of $54.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.85 billion. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 7.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on FISV shares. B. Riley Financial restated a “neutral” rating and set a $60.00 price target (up from $51.00) on shares of Fiserv in a research report on Wednesday, November 4th. Truist Financial set a $51.00 price objective on Fiserv and gave the company a “hold” rating in a research report on Friday, October 23rd. Morgan Stanley boosted their price objective on Fiserv from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. Argus raised Fiserv from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, November 4th. Finally, Royal Bank Of Canada raised their target price on shares of Fiserv from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Six investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.11.

Key Fiserv News

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv reported quarterly EPS of $1.75, topping the $1.72 consensus estimate; revenue of $4.85 billion matched expectations. Shares subsequently bounced, and coverage highlighted Project Elevate as support for an undervaluation thesis. Article: Fiserv Shares Gap Up After Better-Than-Expected Earnings Article: Fiserv Rebounds on Project Elevate
• Positive Sentiment: KBW reaffirmed its Buy rating and raised its price target. Citigroup and RBC also issued positive forecasts, adding support to the bullish view. Article: KBW Reaffirms Buy Rating Article: Citigroup Forecast Article: RBC Forecast
• Neutral Sentiment: Fiserv added Raj Seshadri to its board, a move tied to its payments and data focus. UBS raised its target to $68 but kept a Neutral rating. Article: Fiserv Adds Raj Seshadri to Board
• Negative Sentiment: Revenue declined 1.3% year over year, and analyst opinion remains divided: Bank of America maintained a Sell rating, while B. Riley kept its Hold rating. Article: Bank of America Maintains Sell Rating Article: B. Riley Maintains Hold Rating

Fiserv Company Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions.

For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools.