Cheviot Value Management LLC Acquires 41,977 Shares of Fiserv, Inc. $FISV

Cheviot Value Management LLC lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 486.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 50,613 shares of the business services provider’s stock after purchasing an additional 41,977 shares during the period. Cheviot Value Management LLC’s holdings in Fiserv were worth $6,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vise Technologies Inc. bought a new position in Fiserv in the second quarter valued at about $2,320,000. Factory Mutual Insurance Co. raised its holdings 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 purchasing an additional 16,500 shares during the last quarter. Dillon & Associates Inc. lifted 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 valued at $15,234,000 after purchasing an additional 7,419 shares during the period. Ipsen Advisor Group LLC bought a new position in shares of Fiserv in the 2nd quarter valued at about $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 5,649 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. Susquehanna reissued a “positive” rating and issued a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Seaport Research Partners cut Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $114.78.

Fiserv Stock Performance

Shares of Fiserv stock opened at $67.56 on Friday. The stock’s fifty day simple moving average is $65.94 and its 200 day simple moving average is $105.39. 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 company has a market capitalization of $36.73 billion, a PE ratio of 10.44, a PEG ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the company earned $2.30 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. On average, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In other news, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 34,900 shares of company stock worth $2,211,971 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Fiserv 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.