Courant Investment Management LLC Purchases New Position in Fiserv, Inc. $FISV

Courant Investment Management LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 85,000 shares of the business services provider’s stock, valued at approximately $10,959,000. Fiserv comprises about 8.7% of Courant Investment Management LLC’s portfolio, making the stock its 7th biggest holding.

Other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in shares of Fiserv in the second quarter worth about $2,320,000. Sowell Financial Services LLC grew its position in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the period. Factory Mutual Insurance Co. increased its stake 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 in the last quarter. Dillon & Associates Inc. raised its holdings in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $759,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $67.40 on Friday. The business’s 50-day simple moving average is $65.86 and its 200 day simple moving average is $106.58. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $36.64 billion, a PE ratio of 10.42, a PEG ratio of 3.77 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results 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). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. During the same period last year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. BNP Paribas Exane lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Wednesday, November 5th. B. Riley dropped their price target on Fiserv from $105.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Finally, Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a report on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the 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

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 cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction 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. The trade was a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Fiserv Company 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.