Jupiter Topco LLC Purchases Shares of 66,820 Fiserv, Inc. $FISV

Jupiter Topco LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,820 shares of the business services provider’s stock, valued at approximately $3,277,000.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC lifted its holdings in Fiserv by 2.3% in the 2nd 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 holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Fiserv by 2.9% in the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after buying an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of a number of research reports. B. Riley Financial reduced their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Barclays set a $52.00 price objective on Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Fiserv in a research note on Friday, August 7th. 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 company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $74.20.

Insiders Place Their Bets

In other news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by company insiders.

Fiserv Trading Down 3.1%

FISV opened at $51.67 on Wednesday. The firm has a market cap of $27.48 billion, a P/E ratio of 9.92, a P/E/G ratio of 4.01 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $138.62. 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 50-day moving average of $51.97 and a 200 day moving average of $55.43.

Fiserv (NASDAQ:FISV) last issued 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). The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business’s revenue was down 4.1% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

Fiserv Company 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.