TD Private Client Wealth LLC Has $174,000 Stake in Fiserv, Inc. $FISV

TD Private Client Wealth LLC reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 88.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,348 shares of the business services provider’s stock after selling 10,401 shares during the quarter. TD Private Client Wealth LLC’s holdings in Fiserv were worth $174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new position in Fiserv during the 3rd quarter worth $28,000. True Wealth Design LLC lifted its stake 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 valued at $30,000 after acquiring an additional 225 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter valued at $34,000. Clear Street LLC bought a new position in Fiserv in the second quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. increased its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a report on Friday, November 14th. B. Riley lowered their target price on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a report on Friday. Keefe, Bruyette & Woods cut their price target on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Cowen restated a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $112.92.

Fiserv Price Performance

Shares of FISV stock opened at $66.29 on Friday. 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 12-month low of $59.56 and a 12-month high of $238.59. The firm has a fifty day moving average of $65.69 and a 200-day moving average of $109.14. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80.

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

Insider Activity

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 34,900 shares of company stock worth $2,211,971 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.