3,293,717 Shares in Fiserv, Inc. $FISV Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,293,717 shares of the business services provider’s stock, valued at approximately $161,557,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the fourth quarter valued at $25,000. Kimelman & Baird LLC bought a new position in Fiserv during the 4th quarter valued at $27,000. Goodman Advisory Group LLC bought a new position in Fiserv during the 4th quarter valued at $27,000. Finally, Tripletail Wealth Management LLC acquired a new position in Fiserv during the 4th quarter worth $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.06% of the company’s stock.

Fiserv Stock Up 0.0%

NASDAQ:FISV opened at $52.45 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average of $51.56 and a 200-day moving average of $55.67. The firm has a market capitalization of $27.89 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 3.94 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $138.85.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FISV. Cantor Fitzgerald restated a “neutral” rating and issued a $53.00 target price (down from $62.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $56.00 price objective on Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. B. Riley Financial reduced their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Mizuho decreased their target price on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.20.

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.