QRG Capital Management Inc. Decreases Stake in Fiserv, Inc. $FISV

QRG Capital Management Inc. lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 73.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,885 shares of the business services provider’s stock after selling 123,785 shares during the period. QRG Capital Management Inc.’s holdings in Fiserv were worth $5,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Fiserv during the 3rd quarter valued at about $28,000. True Wealth Design LLC lifted its holdings in shares of Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the second quarter valued at approximately $34,000. Clear Street LLC acquired a new position in Fiserv in the 2nd quarter worth approximately $34,000. Finally, Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on FISV shares. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. BNP Paribas downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research report on Thursday, October 16th. Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $205.00 to $80.00 in a report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.92.

Insider Buying and Selling

In other news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Fiserv Stock Down 0.7%

Fiserv stock opened at $66.29 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $36.03 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The business has a 50 day simple moving average of $65.69 and a 200-day simple moving average of $109.14. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Fiserv’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company 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.