Professional Advisory Services Inc. Has $19.69 Million Stake in Fiserv, Inc. $FISV

Professional Advisory Services Inc. reduced its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 152,741 shares of the business services provider’s stock after selling 14,476 shares during the quarter. Fiserv comprises approximately 2.6% of Professional Advisory Services Inc.’s holdings, making the stock its 22nd biggest position. Professional Advisory Services Inc.’s holdings in Fiserv were worth $19,693,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FISV. Vise Technologies Inc. bought a new position in shares of Fiserv during the second quarter worth approximately $2,320,000. Sowell Financial Services LLC grew its holdings in Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares in the last quarter. Factory Mutual Insurance Co. increased its position in Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares during the period. Dillon & Associates Inc. increased its position in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC acquired a new stake in shares of Fiserv during the second quarter worth $759,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of several research reports. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research report on Wednesday, October 29th. Morgan Stanley cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a research note on Friday, November 14th. Finally, TD Cowen lowered their price objective on Fiserv from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.92.

Fiserv Stock Performance

NASDAQ FISV opened at $66.29 on Tuesday. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 2.67 and a beta of 0.80. 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’s 50 day simple moving average is $65.74 and its 200 day simple moving average is $107.92.

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 the consensus estimate of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the previous year, the company earned $2.30 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Paul M. Todd bought 17,000 shares of the 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 purchase, the chief financial officer owned 24,453 shares of the company’s stock, 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 have acquired 34,900 shares of company stock valued at $2,211,971 over the last ninety days. 0.75% of the stock is owned by corporate insiders.

Fiserv Company Profile

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.