Fiserv, Inc. $FISV Stock Holdings Increased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 50.8% in the third quarter, Holdings Channel reports. The institutional investor owned 49,810 shares of the business services provider’s stock after purchasing an additional 16,785 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Fiserv were worth $2,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Tectonic Advisors LLC boosted its holdings in Fiserv by 22.1% in the third quarter. Tectonic Advisors LLC now owns 30,573 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 5,536 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Fiserv by 8.0% during the third quarter. Yousif Capital Management LLC now owns 63,344 shares of the business services provider’s stock worth $2,862,000 after purchasing an additional 4,719 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Fiserv during the third quarter worth approximately $46,000. Investment House LLC lifted its position in shares of Fiserv by 13.0% during the 3rd quarter. Investment House LLC now owns 68,790 shares of the business services provider’s stock worth $3,108,000 after buying an additional 7,935 shares during the last quarter. Finally, Sage Private Wealth Group LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $333,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired 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 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Fiserv Stock Performance

FISV stock traded down $0.96 on Friday, hitting $49.86. The company’s stock had a trading volume of 5,219,252 shares, compared to its average volume of 5,792,775. The firm has a 50 day moving average of $49.01 and a two-hundred day moving average of $52.53. Fiserv, Inc. has a 1 year low of $43.87 and a 1 year high of $128.78. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 5.08 and a beta of 0.80. 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 data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business 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%. Fiserv’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 7.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FISV. TD Cowen reduced their price target on shares of Fiserv from $55.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Barclays set a $50.00 target price on Fiserv and gave the stock an “equal weight” rating in a research report on Friday, October 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $66.48.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.