Strs Ohio Lowers Stock Holdings in Fiserv, Inc. $FISV

Strs Ohio lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 173,789 shares of the business services provider’s stock after selling 17,469 shares during the period. Strs Ohio’s holdings in Fiserv were worth $22,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Fiserv in the 2nd quarter valued at $1,252,260,000. Amundi raised its position 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 worth $652,148,000 after buying an additional 807,916 shares in the last quarter. Legal & General Group Plc boosted its stake in 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 valued at $604,486,000 after buying an additional 39,036 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Fiserv by 3.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after buying an additional 109,427 shares in the last quarter. Finally, Franklin Resources Inc. increased 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 acquiring an additional 680,743 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.2%

Shares of NASDAQ FISV opened at $67.56 on Friday. The stock has a market capitalization of $36.73 billion, a P/E ratio of 10.44, a PEG ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The firm’s 50 day simple moving average is $65.94 and its two-hundred day simple moving average is $105.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Fiserv’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 34,900 shares of company stock worth $2,211,971 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of a number of research analyst reports. Citigroup dropped their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group raised their target price on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho dropped their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Tigress Financial set a $95.00 price target on shares of Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Finally, BNP Paribas Exane cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Wednesday, November 5th. Ten 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 company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $114.78.

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.