Palouse Capital Management Inc. Makes New $1.99 Million Investment in Fiserv, Inc. $FISV

Palouse Capital Management Inc. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISVFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,417 shares of the business services provider’s stock, valued at approximately $1,988,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi lifted its holdings in shares of Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after buying an additional 807,916 shares in the last quarter. Legal & General Group Plc boosted its holdings in Fiserv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock valued at $604,486,000 after purchasing an additional 39,036 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Fiserv by 1.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,811,906 shares of the business services provider’s stock worth $484,801,000 after buying an additional 35,524 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Fiserv by 34.7% during the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after purchasing an additional 680,743 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.1%

FISV stock opened at $69.50 on Friday. The firm has a market capitalization of $37.78 billion, a PE ratio of 10.74, a P/E/G ratio of 2.75 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The stock’s 50 day moving average is $65.29 and its 200-day moving average is $113.92.

Fiserv (NASDAQ:FISVGet Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research note on Thursday, October 16th. Seaport Res Ptn lowered Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $205.00 to $80.00 in a report on Thursday, October 30th. Finally, Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average target price of $114.42.

Get Our Latest Analysis on FISV

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by insiders.

More Fiserv News

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Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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