JANA Partners Management LP Has $179.62 Million Stake in Fiserv, Inc. $FISV

JANA Partners Management LP decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 17.4% in the second quarter, HoldingsChannel.com reports. The fund owned 3,662,080 shares of the business services provider’s stock after selling 773,525 shares during the period. Fiserv comprises about 9.4% of JANA Partners Management LP’s portfolio, making the stock its 5th largest holding. JANA Partners Management LP’s holdings in Fiserv were worth $179,625,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FISV. WFA of San Diego LLC purchased a new stake in shares of Fiserv in the 2nd quarter worth about $55,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv during the fourth quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Fiserv during the fourth quarter valued at about $27,000. Tripletail Wealth Management LLC bought a new position in Fiserv in the fourth quarter worth about $27,000. Finally, Kimelman & Baird LLC bought a new position in Fiserv in the fourth quarter worth about $27,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on FISV. Truist Financial set a $53.00 price objective on Fiserv and gave the company a “hold” rating in a research report on Thursday, August 20th. Stephens restated an “equal weight” rating and issued a $57.00 target price on shares of Fiserv in a research note on Tuesday, August 11th. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Finally, Loop Capital decreased their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $74.20.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $52.73 on Friday. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $138.62. The company has a 50 day simple moving average of $52.15 and a two-hundred day simple moving average of $55.34. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 3.91 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last released its 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). The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Paul Todd bought 10,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% 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, Director Lance Fritz bought 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares of the company’s stock, valued at approximately $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. 0.06% of the stock is currently owned by insiders.

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.