Clear Harbor Asset Management LLC Acquires New Holdings in Fiserv, Inc. $FISV

Clear Harbor Asset Management LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 15,319 shares of the business services provider’s stock, valued at approximately $751,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Fiserv in the 4th quarter valued at $3,507,063,000. Dodge & Cox acquired a new stake in shares of Fiserv in the 4th quarter valued at about $3,323,210,000. BlackRock Inc. bought a new stake in shares of Fiserv in the second quarter valued at about $2,079,711,000. State Street Corp acquired a new position in shares of Fiserv during the fourth quarter worth about $1,588,663,000. Finally, Geode Capital Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $854,215,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $52.58 on Monday. The company has a market cap of $27.96 billion, a PE ratio of 10.09, a PEG ratio of 3.95 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $140.09. The stock has a 50 day moving average of $51.33 and a 200-day moving average of $55.80.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Insider Transactions at Fiserv

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FISV shares. Truist Financial set a $53.00 target price on Fiserv and gave the company a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. UBS Group set a $60.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Mizuho reduced their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, B. Riley Financial decreased their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.20.

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.