Fiserv, Inc. $FISV Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 15.4% during the third quarter, HoldingsChannel reports. The firm owned 78,708 shares of the business services provider’s stock after buying an additional 10,519 shares during the period. Pinnacle Financial Partners Inc’s holdings in Fiserv were worth $10,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vise Technologies Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at approximately $2,320,000. Sowell Financial Services LLC increased its stake in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the last quarter. Factory Mutual Insurance Co. raised its holdings in Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after acquiring an additional 16,500 shares in the last quarter. Dillon & Associates Inc. boosted its stake in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after acquiring an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC bought a new position in Fiserv during the 2nd quarter valued at $759,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.7%

Shares of Fiserv stock opened at $66.29 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The business’s fifty day moving average price is $65.69 and its two-hundred day moving average price is $109.58. The company has a market capitalization of $36.03 billion, a P/E ratio of 10.25, a PEG ratio of 2.69 and a beta of 0.80.

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

Wall Street Analyst Weigh In

FISV has been the subject of several research analyst reports. Tigress Financial set a $95.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Wells Fargo & Company raised Fiserv to a “hold” rating in a report on Wednesday, October 22nd. UBS Group set a $75.00 price objective on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and set a $99.00 target price (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.15.

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 34,900 shares of company stock worth $2,211,971 over the last 90 days. 1.00% of the stock is currently owned by company 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.