Fiserv, Inc. $FISV Stock Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lifted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,423 shares of the business services provider’s stock after acquiring an additional 15,582 shares during the quarter. Fiserv makes up 1.2% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 26th biggest holding. Marble Harbor Investment Counsel LLC owned about 0.05% of Fiserv worth $12,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FISV. Legacy Wealth Asset Management LLC raised its holdings in Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after purchasing an additional 195 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after purchasing an additional 215 shares during the period. Intelligence Driven Advisers LLC lifted its position in shares of Fiserv by 4.0% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after purchasing an additional 250 shares during the period. Plan A Wealth LLC boosted its stake in shares of Fiserv by 4.2% in the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 277 shares during the last quarter. Finally, Gilpin Wealth Management LLC increased its position in shares of Fiserv by 22.6% during the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after buying an additional 281 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on FISV shares. Susquehanna cut their price target on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. B. Riley Financial reissued a “neutral” rating and issued a $60.00 price objective (up from $51.00) on shares of Fiserv in a research report on Wednesday, November 4th. Morgan Stanley boosted their price objective on Fiserv from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. Cantor Fitzgerald upped their target price on Fiserv from $48.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Truist Financial upped their target price on Fiserv from $51.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $64.64.

Fiserv Stock Down 3.8%

Shares of NASDAQ FISV opened at $61.50 on Friday. The stock has a market capitalization of $32.72 billion, a P/E ratio of 8.67, a P/E/G ratio of 5.68 and a beta of 0.85. The company has a 50-day moving average price of $50.18 and a 200-day moving average price of $54.51. Fiserv, Inc. has a 1 year low of $43.87 and a 1 year high of $70.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.85 billion. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv, Inc. will post 7.28 EPS for the current fiscal year.

Key Headlines Impacting Fiserv

Here are a few of the latest headlines about FISV:

• Positive Sentiment: Truist’s analyst sees potential for FISV shares to rise, adding a bullish note to the recent analyst commentary. Fiserv Stock Price Expected to Rise, Truist Financial Analyst Says
• Neutral Sentiment: Fiserv is migrating clients to one of its two debit networks and says it may sell the other to the right bidder. Consolidation could simplify operations or bring in sale proceeds, but a transaction is not assured and client migration remains to be completed. Fiserv Readies One of Its Two Debit Networks For Sale
• Neutral Sentiment: Citigroup raised its price target to $67 and Bernstein lifted its target to $70, but both maintained neutral or market-perform ratings. Bernstein also reiterated a Hold rating, suggesting analysts see upside potential but are not signaling a strong buy consensus. Citigroup Fiserv rating Bernstein Fiserv rating

Fiserv Company Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.