Candriam S.C.A. Reduces Position in Fiserv, Inc. $FISV

Candriam S.C.A. decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,394 shares of the business services provider’s stock after selling 58,043 shares during the period. Candriam S.C.A.’s holdings in Fiserv were worth $20,293,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in Fiserv during the 3rd quarter worth $28,000. True Wealth Design LLC raised its holdings in shares of Fiserv by 3,750.0% in 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. Clear Street LLC acquired a new stake in shares of Fiserv during the second quarter worth about $34,000. Westfuller Advisors LLC purchased a new position in shares of Fiserv during the third quarter worth about $36,000. Finally, Golden State Wealth Management LLC increased its position in Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 221 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction that occurred on 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 $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. B. Riley Financial cut their price target on Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiserv in a research report on Monday, December 29th. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Jefferies Financial Group raised their target price on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus target price of $113.34.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $60.14 on Tuesday. 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 one year low of $57.79 and a one year high of $238.59. The firm has a market capitalization of $32.69 billion, a P/E ratio of 9.30, a PEG ratio of 3.44 and a beta of 0.78. The company’s fifty day moving average is $66.18 and its two-hundred day moving average is $97.22.

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.