Provident Trust Co. Increases Holdings in Fiserv, Inc. $FISV

Provident Trust Co. grew its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,396,217 shares of the business services provider’s stock after buying an additional 24,729 shares during the quarter. Fiserv accounts for approximately 3.0% of Provident Trust Co.’s holdings, making the stock its 14th largest position. Provident Trust Co. owned approximately 0.26% of Fiserv worth $180,014,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FISV. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC raised its position in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the period. Dakota Wealth Management boosted its stake in shares of Fiserv by 8.6% during the 2nd quarter. Dakota Wealth Management now owns 12,566 shares of the business services provider’s stock worth $2,167,000 after acquiring an additional 999 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in shares of Fiserv by 6.7% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,023 shares of the business services provider’s stock valued at $521,000 after acquiring an additional 190 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in shares of Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s 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 acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research note on Thursday, October 16th. KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Finally, Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus price target of $114.78.

Fiserv Trading Up 0.2%

FISV stock opened at $67.56 on Friday. The firm has a fifty day moving average price of $65.94 and a 200 day moving average price of $105.39. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a market cap of $36.73 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

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

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.