Fiserv, Inc. $FISV Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,543 shares of the business services provider’s stock after acquiring an additional 8,236 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Fiserv were worth $4,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FISV. William Mack & Associates Inc. bought a new position in Fiserv in the third quarter valued at approximately $26,000. Next Level Wealth Planning LLC acquired a new position in shares of Fiserv during the 3rd quarter worth approximately $29,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $30,000. Osterweis Capital Management Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth approximately $32,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of Fiserv by 49.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider’s stock worth $39,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Key Headlines Impacting Fiserv

Here are the key news stories impacting Fiserv this week:

• Positive Sentiment: Fiserv reported quarterly EPS of $1.75, topping the $1.72 consensus estimate; revenue of $4.85 billion matched expectations. Shares subsequently bounced, and coverage highlighted Project Elevate as support for an undervaluation thesis. Article: Fiserv Shares Gap Up After Better-Than-Expected Earnings Article: Fiserv Rebounds on Project Elevate
• Positive Sentiment: KBW reaffirmed its Buy rating and raised its price target. Citigroup and RBC also issued positive forecasts, adding support to the bullish view. Article: KBW Reaffirms Buy Rating Article: Citigroup Forecast Article: RBC Forecast
• Neutral Sentiment: Fiserv added Raj Seshadri to its board, a move tied to its payments and data focus. UBS raised its target to $68 but kept a Neutral rating. Article: Fiserv Adds Raj Seshadri to Board
• Negative Sentiment: Revenue declined 1.3% year over year, and analyst opinion remains divided: Bank of America maintained a Sell rating, while B. Riley kept its Hold rating. Article: Bank of America Maintains Sell Rating Article: B. Riley Maintains Hold Rating

Fiserv Stock Performance

Shares of NASDAQ FISV traded up $0.14 during midday trading on Friday, hitting $62.88. 9,729,897 shares of the company’s stock were exchanged, compared to its average volume of 5,641,700. 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 firm has a market capitalization of $33.44 billion, a PE ratio of -8.47, a price-to-earnings-growth ratio of 5.19 and a beta of 0.85. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41. The company’s 50 day moving average price is $49.34 and its 200 day moving average price is $54.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.85 billion. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FISV has been the subject of several analyst reports. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald dropped their price target on shares of Fiserv from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. UBS Group increased their price target on shares of Fiserv from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on shares of Fiserv from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, B. Riley Financial restated a “neutral” rating and set a $60.00 price objective (up from $51.00) on shares of Fiserv in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.11.

Fiserv 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.