Danske Bank A S Makes New $15.61 Million Investment in Fiserv, Inc. $FISV

Danske Bank A S purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 318,290 shares of the business services provider’s stock, valued at approximately $15,612,000.

A number of other institutional investors also recently modified their holdings of FISV. Brighton Jones LLC grew its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at $1,001,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after acquiring an additional 350 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Rothschild & Co Redburn cut their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Morgan Stanley set a $59.00 price target on Fiserv in a research report on Friday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price objective on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, B. Riley Financial dropped their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $74.20.

Insiders Place Their Bets

In related news, CFO Paul M. Todd acquired 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the purchase, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, 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. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is currently owned by company insiders.

Fiserv Price Performance

FISV stock opened at $51.38 on Friday. The stock 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’s 50-day moving average price is $51.36 and its two-hundred day moving average price is $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, Inc. has a 12-month low of $47.04 and a 12-month high of $140.19.

Fiserv (NASDAQ:FISV) last posted its earnings results 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). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv’s revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current year.

Fiserv 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.