Boomfish Wealth Group LLC Has $1.34 Million Stake in Fiserv, Inc. $FISV

Boomfish Wealth Group LLC grew its holdings in Fiserv, Inc. (NASDAQ:FISV) by 764.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,381 shares of the business services provider’s stock after acquiring an additional 9,180 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Fiserv were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FISV. Norges Bank acquired a new stake in Fiserv during the 2nd quarter worth approximately $1,252,260,000. Amundi boosted its holdings in shares of Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after buying an additional 807,916 shares during the period. Legal & General Group Plc raised its holdings in shares of Fiserv by 1.1% during the second quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after acquiring an additional 39,036 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock valued at $362,128,000 after acquiring an additional 109,427 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Fiserv by 34.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after purchasing an additional 680,743 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FISV shares. Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Zacks Research raised Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Citigroup lowered their price objective on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Mizuho reduced their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus price target of $112.92.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 34,900 shares of company stock valued at $2,211,971 in the last quarter. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

NASDAQ FISV opened at $64.49 on Wednesday. The firm’s fifty day moving average price is $65.76 and its two-hundred day moving average price is $107.14. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm has a market capitalization of $35.06 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.72 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share 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 for the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The firm’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, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Company 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.