Hudson Edge Investment Partners Inc. Raises Position in Fiserv, Inc. $FISV

Hudson Edge Investment Partners Inc. boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 38.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 52,015 shares of the business services provider’s stock after purchasing an additional 14,324 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Fiserv were worth $6,706,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FISV. Pinnacle Wealth Management Advisory Group LLC lifted its position in Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 77 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Fiserv by 2.1% during the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after purchasing an additional 79 shares in the last quarter. Strategic Blueprint LLC increased its holdings in shares of Fiserv by 4.4% in the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 83 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Fiserv by 6.8% during the second quarter. Raleigh Capital Management Inc. now owns 1,342 shares of the business services provider’s stock worth $231,000 after acquiring an additional 85 shares in the last quarter. Finally, Glenview Trust co lifted its stake in Fiserv by 0.3% in the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FISV. Mizuho decreased their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. BNP Paribas Exane cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Wednesday, November 5th. UBS Group set a $75.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Ten research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.78.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 in the last quarter. Insiders own 1.00% of the company’s stock.

Fiserv Price Performance

FISV stock opened at $65.73 on Thursday. The firm has a market cap of $35.73 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 3.70 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $65.80 and its 200 day simple moving average is $106.85.

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