Fiserv, Inc. $FISV Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 27.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 707,128 shares of the business services provider’s stock after selling 268,903 shares during the period. Fiserv makes up approximately 2.2% of New South Capital Management Inc.’s portfolio, making the stock its 15th biggest holding. New South Capital Management Inc. owned 0.13% of Fiserv worth $31,948,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Legacy Wealth Asset Management LLC boosted its stake in shares of Fiserv by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock worth $303,000 after buying an additional 195 shares during the last quarter. Sunbelt Securities Inc. raised its position in Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 215 shares in the last quarter. Intelligence Driven Advisers LLC lifted its holdings in Fiserv by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 250 shares during the period. Plan A Wealth LLC lifted its holdings in Fiserv by 4.2% in the third quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 277 shares during the period. Finally, Gilpin Wealth Management LLC lifted its holdings in Fiserv by 22.6% in the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on Fiserv from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Argus raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Wednesday, November 4th. TD Cowen boosted their target price on shares of Fiserv from $49.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Barclays increased their price target on shares of Fiserv from $50.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Finally, Morgan Stanley increased their price target on shares of Fiserv from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.64.

Fiserv Price Performance

Shares of Fiserv stock opened at $63.90 on Thursday. The firm has a market cap of $34.00 billion, a PE ratio of -8.61, a P/E/G ratio of 5.63 and a beta of 0.85. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $70.41. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $49.99 and a 200 day moving average price of $54.54.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.03. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.85 billion. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 7.28 earnings per share for the current fiscal year.

Key Headlines Impacting Fiserv

These are some of the FISV headlines that stood out recently:

• Positive Sentiment: Clover adds AI-powered eCommerce features: Fiserv launched tools intended to help small businesses build an online presence and get discovered through traditional search and AI shopping experiences. The expansion could help Clover serve merchants across both in-store and online commerce. Article: Fiserv’s Clover Adds AI Tools to Help Small Businesses Reach eCommerce Shoppers
• Positive Sentiment: Analysts lifted price targets: Citigroup raised its target from $62 to $67 while keeping a neutral rating; Bernstein raised its target from $60 to $70 and maintained a market-perform rating. Truist also increased its target, from $51 to $65, but kept a hold rating. The revisions suggest improved price expectations, though analysts remain cautious rather than strongly bullish. Fiserv Stock Price Targets
• Neutral Sentiment: Valuation commentary is favorable but not a new company development: A Yahoo Finance article argues Fiserv appears undervalued based on its excess returns. This may support investor interest, but it is an outside analysis rather than a change to the company’s outlook. Article: Fiserv Stock Looks Undervalued With Strong Excess Returns

About Fiserv

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions. For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools. The company also provides services for processing digital and in-person payments and supporting commerce across multiple channels.