Fiserv, Inc. $FISV Shares Purchased by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 113.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,141 shares of the business services provider’s stock after purchasing an additional 15,496 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Fiserv were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Capital LLC bought a new position in Fiserv during the 4th quarter valued at $1,316,000. ZWJ Investment Counsel Inc. bought a new stake in shares of Fiserv in the 4th quarter worth about $1,141,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $4,127,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Fiserv in the 4th quarter valued at about $14,907,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Fiserv during the fourth quarter worth about $1,996,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Fiserv Price Performance

Shares of FISV opened at $54.11 on Thursday. Fiserv, Inc. has a one year low of $47.04 and a one year high of $140.42. The stock’s fifty day moving average is $51.89 and its 200-day moving average is $56.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $28.85 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.22. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fiserv had a net margin of 15.17% and a return on equity of 17.46%. The business’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 8.13 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on FISV. Rothschild & Co Redburn decreased their price target on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Loop Capital reduced their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, May 15th. Truist Financial decreased their target price on Fiserv from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $53.00 price target (down from $62.00) on shares of Fiserv in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $76.57.

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.