GDS Wealth Management Raises Position in Fiserv, Inc. $FISV

GDS Wealth Management grew its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 10.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,656 shares of the business services provider’s stock after purchasing an additional 8,373 shares during the period. GDS Wealth Management’s holdings in Fiserv were worth $11,559,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC raised its holdings in shares of Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after buying an additional 225 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter valued at $34,000. Clear Street LLC bought a new stake in shares of Fiserv during the 2nd quarter worth about $34,000. Finally, Westfuller Advisors LLC bought a new position in Fiserv during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. TD Cowen reiterated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Mizuho decreased their price objective on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods dropped their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.78.

Insider Buying and Selling at Fiserv

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by insiders.

Fiserv Price Performance

Shares of Fiserv stock opened at $67.56 on Friday. The firm has a fifty day moving average price of $65.94 and a two-hundred day moving average price of $105.39. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $36.73 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The business’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. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.