Hardy Reed LLC Makes New $651,000 Investment in Fiserv, Inc. $FISV

Hardy Reed LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 13,278 shares of the business services provider’s stock, valued at approximately $651,000.

A number of other large investors have also recently modified their holdings of the stock. Tema ETFs LLC increased its position in shares of Fiserv by 16.2% during the second quarter. Tema ETFs LLC now owns 11,809 shares of the business services provider’s stock valued at $579,000 after buying an additional 1,645 shares during the period. Handelsbanken Fonder AB lifted its holdings in Fiserv by 16.9% in the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock worth $8,638,000 after buying an additional 25,477 shares during the period. Fulton Bank N.A. boosted its position in Fiserv by 22.3% during the 2nd quarter. Fulton Bank N.A. now owns 29,492 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 5,386 shares in the last quarter. Atlas Brown Inc. purchased a new position in shares of Fiserv during the 2nd quarter worth approximately $232,000. Finally, Legacy Wealth Asset Management LLC raised its position in shares of Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by company insiders.

Fiserv Stock Performance

Fiserv stock opened at $54.39 on Friday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $140.42. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $28.92 billion, a P/E ratio of 10.44, a PEG ratio of 4.17 and a beta of 0.80. The stock’s 50 day moving average is $51.47 and its 200 day moving average is $56.31.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup restated a “neutral” rating and set a $57.00 price target (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $54.00 price objective on shares of Fiserv in a report on Friday, August 7th. UBS Group set a $60.00 price objective on Fiserv and gave the company a “neutral” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Six analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.17.

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.