Cooke & Bieler LP Purchases Shares of 463,324 Fiserv, Inc. $FISV

Cooke & Bieler LP purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 463,324 shares of the business services provider’s stock, valued at approximately $59,736,000. Cooke & Bieler LP owned approximately 0.09% of Fiserv at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Fiserv in the 2nd quarter worth about $1,252,260,000. Marshall Wace LLP bought a new position in shares of Fiserv in the second quarter worth approximately $356,643,000. Worldquant Millennium Advisors LLC increased its position in shares of Fiserv by 2,134.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after purchasing an additional 948,634 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Fiserv in the second quarter valued at approximately $154,307,000. Finally, Amundi lifted its position in Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of a number of research analyst reports. UBS Group set a $75.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. TD Cowen reiterated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Finally, Jefferies Financial Group increased their price objective on Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Ten investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.78.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 34,900 shares of company stock valued at $2,211,971 in the last quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.2%

Shares of FISV stock opened at $67.56 on Monday. The business has a 50-day moving average of $65.94 and a 200 day moving average of $104.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The stock has a market capitalization of $36.72 billion, a PE ratio of 10.44, a P/E/G ratio of 3.88 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.