TD Waterhouse Canada Inc. Has $3.82 Million Position in Fiserv, Inc. $FISV

TD Waterhouse Canada Inc. lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 57.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,296 shares of the business services provider’s stock after purchasing an additional 27,615 shares during the period. TD Waterhouse Canada Inc.’s holdings in Fiserv were worth $3,819,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Dodge & Cox bought a new stake in Fiserv in the fourth quarter valued at approximately $3,323,210,000. BlackRock Inc. bought a new stake in Fiserv in the 2nd quarter valued at $2,079,711,000. State Street Corp acquired a new stake in Fiserv during the 4th quarter valued at $1,588,663,000. Geode Capital Management LLC bought a new position in Fiserv during the fourth quarter worth $854,215,000. Finally, Amundi acquired a new position in shares of Fiserv in the fourth quarter valued at $825,819,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV stock opened at $53.00 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a market cap of $28.18 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 3.99 and a beta of 0.80. The stock has a 50 day simple moving average of $52.30 and a 200 day simple moving average of $55.22. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $138.62.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for 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 business’s revenue was down 4.1% on a year-over-year basis. On average, research analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

FISV has been the subject of a number of research reports. BMO Capital Markets restated a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Citigroup restated a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Fiserv in a research report on Thursday, September 3rd. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $74.20.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired 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 directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The shares were 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 directly owned 27,207 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.06% of the company’s stock.

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.