Danica Pension Livsforsikringsaktieselskab Invests $10.67 Million in Fiserv, Inc. $FISV

Danica Pension Livsforsikringsaktieselskab bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, HoldingsChannel reports. The fund bought 217,474 shares of the business services provider’s stock, valued at approximately $10,667,000.

Several other hedge funds have also bought and sold shares of FISV. Oakworth Capital Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. Goodman Advisory Group LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on FISV shares. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $54.00 price objective on shares of Fiserv in a research report on Friday, August 7th. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Finally, TD Cowen cut their target price on Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $74.17.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.06% of the company’s stock.

Fiserv Trading Down 0.9%

Shares of FISV opened at $51.72 on Wednesday. The company’s fifty day simple moving average is $51.42 and its 200-day simple moving average is $56.04. The company has a market cap of $27.50 billion, a P/E ratio of 9.93, a P/E/G ratio of 4.09 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $140.42.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm’s revenue was down 4.1% on a year-over-year basis. As a group, analysts expect that Fiserv, Inc. will post 7.27 EPS for the current 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.