Puzo Michael J Purchases New Shares in Fiserv, Inc. $FISV

Puzo Michael J bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,110 shares of the business services provider’s stock, valued at approximately $545,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in Fiserv during the fourth quarter worth about $3,507,063,000. Dodge & Cox acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $3,323,210,000. BlackRock Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv during the 4th quarter worth approximately $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $854,215,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $52.08 on Thursday. The firm’s fifty day moving average price is $51.39 and its two-hundred day moving average price is $55.96. The stock has a market cap of $27.69 billion, a PE ratio of 10.00, a PEG ratio of 3.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $140.42.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Insider Activity

In other news, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought 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 directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FISV. Cantor Fitzgerald restated a “neutral” rating and set a $53.00 price objective (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price on the stock. in a report on Friday, June 5th. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. TD Cowen dropped their price objective on Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Finally, Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $74.17.

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.