Fiserv, Inc. $FISV Shares Purchased by Mill Capital Management LLC

Mill Capital Management LLC increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,351 shares of the business services provider’s stock after purchasing an additional 15,358 shares during the quarter. Fiserv accounts for approximately 1.4% of Mill Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Mill Capital Management LLC’s holdings in Fiserv were worth $19,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FISV. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 77 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Fiserv by 2.1% during the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after buying an additional 79 shares during the last quarter. Strategic Blueprint LLC grew its position in shares of Fiserv by 4.4% in the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock valued at $341,000 after buying an additional 83 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Fiserv by 6.8% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,342 shares of the business services provider’s stock worth $231,000 after acquiring an additional 85 shares in the last quarter. Finally, Glenview Trust co boosted its stake in Fiserv by 0.3% in the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $65.34 on Tuesday. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The business’s fifty day moving average price is $65.74 and its two-hundred day moving average price is $107.92. The stock has a market cap of $35.52 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same period in the previous year, the company earned $2.30 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FISV. Seaport Res Ptn downgraded shares of Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Oppenheimer reiterated an “outperform” rating and set a $91.00 target price on shares of Fiserv in a research report on Thursday, October 30th. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a research note on Friday, November 14th. Finally, Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and cut their price objective for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $112.92.

Insider Activity

In other news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% 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 hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 34,900 shares of company stock worth $2,211,971 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv 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.