Nordwand Advisors LLC Acquires New Shares in Fiserv, Inc. $FISV

Nordwand Advisors LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,549 shares of the business services provider’s stock, valued at approximately $5,095,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Fiserv in the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. boosted its stake in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after buying an additional 1,842,784 shares during the period. Swedbank AB raised its stake in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after buying an additional 1,247,801 shares in the last quarter. Finally, GQG Partners LLC bought a new position in Fiserv in the first quarter worth approximately $265,769,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group cut their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $123.25.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $62.70 on Tuesday. Fiserv, Inc. has a fifty-two week low of $60.95 and a fifty-two week high of $238.59. The company has a market cap of $34.08 billion, a PE ratio of 9.69, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The business has a 50-day simple moving average of $110.07 and a two-hundred day simple moving average of $140.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.