Paralel Advisors LLC Makes New $2.03 Million Investment in Fiserv, Inc. $FISV

Paralel Advisors LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 41,408 shares of the business services provider’s stock, valued at approximately $2,031,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in Fiserv in the fourth quarter valued at approximately $3,507,063,000. Dodge & Cox acquired a new stake in Fiserv in the fourth quarter valued at about $3,323,210,000. BlackRock Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at approximately $2,079,711,000. State Street Corp purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $1,588,663,000. Finally, Geode Capital Management LLC acquired a new position in Fiserv during the fourth quarter worth $854,215,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated 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 in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value 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. The trade was a 58.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Fiserv Trading Down 1.3%

Shares of FISV stock opened at $51.38 on Friday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $140.19. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.91 and a beta of 0.80. The firm has a 50-day moving average price of $51.36 and a 200 day moving average price of $55.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results 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 firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FISV. Keefe, Bruyette & Woods reduced their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a report 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. Barclays set a $52.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Friday, August 7th. Mizuho lowered their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Finally, TD Cowen dropped their target price on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.20.

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.