Leuthold Group LLC Makes New $519,000 Investment in Fiserv, Inc. $FISV

Leuthold Group LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 11,485 shares of the business services provider’s stock, valued at approximately $519,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Management Group Inc. purchased a new position in Fiserv in the third quarter worth $32,572,000. Fulcrum Asset Management LLP increased its position in shares of Fiserv by 2,675.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 159,241 shares of the business services provider’s stock valued at $7,223,000 after purchasing an additional 153,504 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Fiserv by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,881 shares of the business services provider’s stock worth $1,356,000 after buying an additional 3,830 shares during the last quarter. StoneRidge PMG Advisors LLC purchased a new position in shares of Fiserv in the 3rd quarter worth about $728,000. Finally, Hohimer Wealth Management LLC purchased a new stake in Fiserv during the third quarter worth about $937,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FISV. Susquehanna lowered their price objective 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. Argus raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, November 4th. TD Cowen raised their price target on shares of Fiserv from $49.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, November 4th. Oppenheimer cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Fiserv from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. Six research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.26.

Fiserv Trading Down 0.3%

Shares of Fiserv stock opened at $63.32 on Wednesday. Fiserv, Inc. has a 52-week low of $43.87 and a 52-week high of $70.41. The stock’s 50-day simple moving average is $49.75 and its 200 day simple moving average is $54.56. The stock has a market capitalization of $33.69 billion, a P/E ratio of -8.53, a P/E/G ratio of 5.65 and a beta of 0.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last issued 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. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.85 billion. Fiserv had a negative net margin of 18.91% and a positive return on equity of 15.76%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current year.

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. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.