Scopia Capital Management LP Makes New $32.45 Million Investment in Fiserv, Inc. (NASDAQ:FISV)

Scopia Capital Management LP acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 272,604 shares of the business services provider’s stock, valued at approximately $32,451,000. Fiserv comprises about 4.0% of Scopia Capital Management LP’s investment portfolio, making the stock its 9th largest position.

Other institutional investors have also modified their holdings of the company. Vantage Consulting Group Inc purchased a new stake in shares of Fiserv in the fourth quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in shares of Fiserv in the first quarter valued at about $29,000. Sonora Investment Management LLC boosted its holdings in shares of Fiserv by 100.0% in the first quarter. Sonora Investment Management LLC now owns 246 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Fiserv in the first quarter valued at about $33,000. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $34,000. 91.55% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FISV traded down $0.54 during trading on Thursday, reaching $109.50. The stock had a trading volume of 113,559 shares, compared to its average volume of 3,554,284. The firm’s fifty day moving average is $110.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.64. The firm has a market cap of $73.01 billion, a PE ratio of 85.31, a P/E/G ratio of 1.26 and a beta of 0.89. Fiserv, Inc. has a fifty-two week low of $92.15 and a fifty-two week high of $127.34.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.80 billion. Fiserv had a net margin of 5.86% and a return on equity of 9.56%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 5.44 earnings per share for the current fiscal year.

In related news, insider Byron C. Vielehr sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $109.63, for a total value of $1,096,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Byron C. Vielehr sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The shares were sold at an average price of $107.84, for a total transaction of $539,200.00. Following the completion of the sale, the insider now owns 75,877 shares of the company’s stock, valued at $8,182,575.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,015,000 shares of company stock valued at $2,708,735,500. 1.60% of the stock is owned by insiders.

Several analysts recently commented on the stock. Truist cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Monday, June 7th. They noted that the move was a valuation call. Truist Securities cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Monday, June 7th. Rosenblatt Securities raised their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $133.00 price objective for the company. in a research note on Monday, April 19th. Finally, Morgan Stanley raised their price objective on shares of Fiserv from $115.00 to $124.00 and gave the company an “equal weight” rating in a research note on Thursday, April 22nd. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $132.16.

Fiserv Company Profile

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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