Triad Investment Management Boosts Stake in Fiserv, Inc. $FISV

Triad Investment Management lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 37.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,706 shares of the business services provider’s stock after acquiring an additional 19,695 shares during the period. Fiserv accounts for about 4.0% of Triad Investment Management’s investment portfolio, making the stock its 12th largest holding. Triad Investment Management’s holdings in Fiserv were worth $3,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC raised its holdings in Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC grew its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. Legacy Wealth Asset Management LLC increased its stake 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. SkyView Investment Advisors LLC lifted its position in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 198 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost 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 represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Fiserv Trading Down 4.3%

Fiserv stock opened at $48.65 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a one year low of $47.04 and a one year high of $136.60. The stock has a market capitalization of $25.87 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 3.83 and a beta of 0.80. The business’s fifty day moving average is $52.30 and its 200 day moving average is $55.04.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 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 the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Fiserv, Inc. will post 7.26 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on FISV. Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 target price on shares of Fiserv in a research note on Friday, August 7th. Truist Financial set a $53.00 price target on shares of Fiserv and gave the stock a “hold” rating in a research note on Thursday, August 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $74.20.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.