Lee Danner & Bass Inc. Buys 21,265 Shares of Fiserv, Inc. $FISV

Lee Danner & Bass Inc. increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 20.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 127,296 shares of the business services provider’s stock after purchasing an additional 21,265 shares during the period. Fiserv accounts for 1.2% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 18th largest position. Lee Danner & Bass Inc.’s holdings in Fiserv were worth $16,412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in FISV. Norges Bank bought a new stake in shares of Fiserv during the second quarter valued at about $1,252,260,000. Amundi grew its stake in Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after acquiring an additional 807,916 shares in the last quarter. Legal & General Group Plc increased its holdings in Fiserv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after acquiring an additional 39,036 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after purchasing an additional 109,427 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Fiserv by 34.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock valued at $455,478,000 after purchasing an additional 680,743 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. BNP Paribas cut Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday, November 5th. Tigress Financial set a $95.00 price target on Fiserv and gave the company a “buy” rating in a report on Wednesday, December 31st. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $112.92.

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 34,900 shares of company stock valued at $2,211,971. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $66.29 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $36.03 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The business’s 50-day moving average price is $65.74 and its 200-day moving average price is $107.92. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59.

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

About Fiserv

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.