Fiserv, Inc. $FISV Stock Acquired by Thor Investment Management Inc. OH ADV

Thor Investment Management Inc. OH ADV grew its stake in Fiserv, Inc. (NASDAQ:FISV) by 16.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,565 shares of the business services provider’s stock after acquiring an additional 11,771 shares during the quarter. Fiserv comprises about 2.2% of Thor Investment Management Inc. OH ADV’s portfolio, making the stock its 13th biggest position. Thor Investment Management Inc. OH ADV’s holdings in Fiserv were worth $3,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Fiserv during the second quarter valued at about $2,079,711,000. JANA Partners Management LP raised its holdings in Fiserv by 97.5% in the first quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock worth $247,507,000 after purchasing an additional 2,190,085 shares in the last quarter. Barclays PLC purchased a new stake in shares of Fiserv during the fourth quarter valued at about $276,237,000. Deutsche Bank AG purchased a new stake in shares of Fiserv during the second quarter valued at about $178,310,000. Finally, Legal & General Group Plc purchased a new stake in shares of Fiserv during the second quarter valued at about $161,557,000. 90.98% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lance Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FISV has been the topic of a number of analyst reports. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Stephens reissued an “equal weight” rating and set a $57.00 target price on shares of Fiserv in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average target price of $70.21.

Fiserv Stock Performance

FISV stock traded up $0.61 during trading on Tuesday, reaching $46.66. The company had a trading volume of 4,091,478 shares, compared to its average volume of 7,632,730. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 4.55 and a beta of 0.80. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day simple moving average of $49.84 and a 200-day simple moving average of $52.91.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 7.26 earnings per share for the current year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.