Cairn Investment Group Inc. Takes Position in Fiserv, Inc. $FISV

Cairn Investment Group Inc. acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,410 shares of the business services provider’s stock, valued at approximately $4,565,000. Fiserv accounts for about 2.2% of Cairn Investment Group Inc.’s portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of Fiserv in the third quarter valued at $28,000. True Wealth Design LLC raised its holdings in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv during the second quarter worth $34,000. Clear Street LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FISV opened at $66.78 on Friday. The firm has a 50-day moving average of $65.64 and a 200 day moving average of $110.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a market cap of $36.30 billion, a P/E ratio of 10.32, a PEG ratio of 2.72 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity

In related news, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on FISV. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Oppenheimer reiterated an “outperform” rating and set a $91.00 target price on shares of Fiserv in a research report on Thursday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price objective on shares of Fiserv in a research report on Thursday, December 4th. Finally, William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $114.32.

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.