Northwestern Mutual Wealth Management Co. Makes New $1.86 Million Investment in Fiserv, Inc. $FISV

Northwestern Mutual Wealth Management Co. purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,009 shares of the business services provider’s stock, valued at approximately $1,864,000.

Several other large investors also recently made changes to their positions in FISV. Handelsbanken Fonder AB increased its stake in Fiserv by 16.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after buying an additional 25,477 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $1,996,000. Strs Ohio acquired a new stake in Fiserv during the 4th quarter valued at $11,255,000. Vanguard Group Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $3,507,063,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Fiserv during the fourth quarter worth approximately $1,098,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Barclays set a $52.00 price target on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 price objective on shares of Fiserv in a report on Friday, August 7th. Stephens restated an “equal weight” rating and set a $57.00 target price on shares of Fiserv in a research report on Tuesday, August 11th. Finally, Citigroup reaffirmed a “neutral” rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Six 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.20.

Fiserv Stock Up 0.7%

FISV stock opened at $52.96 on Tuesday. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $139.94. The business has a 50-day simple moving average of $51.43 and a 200 day simple moving average of $55.76. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market cap of $28.16 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80.

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 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 company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.06% 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.