Tejara Capital Ltd Buys Shares of 54,100 Fiserv, Inc. $FISV

Tejara Capital Ltd bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 54,100 shares of the business services provider’s stock, valued at approximately $2,654,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $3,507,063,000. Dodge & Cox bought a new position in Fiserv in the fourth quarter valued at $3,323,210,000. BlackRock Inc. acquired a new stake in shares of Fiserv in the second quarter valued at about $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv during the 4th quarter worth approximately $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in Fiserv in the fourth quarter valued at $854,215,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FISV. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Rothschild & Co Redburn decreased their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Susquehanna reduced their price target on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, August 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 price objective (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Finally, Barclays set a $52.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.20.

Fiserv Trading Down 1.3%

NASDAQ:FISV opened at $51.38 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.91 and a beta of 0.80. The firm has a fifty day simple moving average of $51.36 and a two-hundred day simple moving average of $55.87. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.19.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Insider Activity

In other news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.06% of the company’s stock.

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.