Fiserv, Inc. $FISV Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,044 shares of the business services provider’s stock after selling 12,210 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fiserv were worth $8,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in Fiserv in the 3rd quarter valued at about $28,000. True Wealth Design LLC increased its stake in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter valued at approximately $34,000. Clear Street LLC purchased a new position in shares of Fiserv in the second quarter valued at approximately $34,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Fiserv in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 34,900 shares of company stock worth $2,211,971. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on FISV shares. Stephens set a $75.00 price target on Fiserv in a research report on Friday, January 16th. Cantor Fitzgerald started coverage on Fiserv in a research report on Monday. They issued a “neutral” rating and a $70.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $91.00 price objective on shares of Fiserv in a report on Thursday, October 30th. B. Riley lowered their target price on Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, Citigroup dropped their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $113.34.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $67.15 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $36.50 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80. The stock’s 50-day moving average is $66.03 and its two-hundred day moving average is $104.21. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59.

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 the consensus estimate of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the previous year, the business posted $2.30 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Analysts forecast that Fiserv, Inc. will post 10.23 EPS 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.