Saudi Central Bank Raises Stock Position in Fiserv, Inc. $FISV

Saudi Central Bank lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 6.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 288,627 shares of the business services provider’s stock after purchasing an additional 17,582 shares during the period. Saudi Central Bank owned 0.05% of Fiserv worth $14,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dodge & Cox purchased a new stake in Fiserv in the fourth quarter worth about $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv during the 2nd quarter valued at about $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,588,663,000. Geode Capital Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $854,215,000. Finally, Amundi purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $825,819,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FISV opened at $53.00 on Friday. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 3.99 and a beta of 0.80. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $138.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $52.22 and a two-hundred day moving average of $55.32.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results 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). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction dated 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 purchase, the director 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FISV shares. UBS Group set a $60.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Friday, August 7th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Truist Financial set a $53.00 target price on Fiserv and gave the company a “hold” rating in a research report on Thursday, August 20th. Morgan Stanley set a $59.00 price target on Fiserv in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.