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FISV Fiserv

Fiserv, Inc. engages in the provision of financial services technology. It operates through the Payments, Financial, and Corporate and Other segments. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The Financial segment provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. The Corporate and Other segment consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Brookfield, WI.

Company profile

FISV stock data

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Calendar

26 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Financial data from Fiserv earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Apr 21 Guy Chiarello Common Stock Sell Dispose S No Yes 124.94 20,000 2.5M 197,375
15 Apr 21 Guy Chiarello Common Stock Option exercise Aquire M No Yes 36.54 20,000 730.8K 217,375
15 Apr 21 Guy Chiarello Employee Stock Option Common Stock Option exercise Dispose M No Yes 36.54 20,000 730.8K 309,292
1 Apr 21 Guy Chiarello Common Stock Gift Aquire G Yes No 0 37,381 0 37,381
1 Apr 21 Guy Chiarello Common Stock Gift Dispose G No No 0 37,381 0 197,375
31 Mar 21 Castro Henrique De Deferred Compensation Notional Units Common Stock Grant Aquire A No No 119.04 227 27.02K 674
31 Mar 21 DiSimone Harry Deferred Compensation Notional Units Common Stock Grant Aquire A No No 119.04 227 27.02K 1,948
31 Mar 21 Miller Heidi Deferred Compensation Notional Units Common Stock Grant Aquire A No No 119.04 248 29.52K 695
31 Mar 21 Nuttall Scott C Deferred Compensation Notional Units Common Stock Grant Aquire A No No 119.04 248 29.52K 743
18 Mar 21 Guy Chiarello Common Stock Gift Aquire G Yes No 0 26,118 0 26,118

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 1263 1173 +7.7%
Opened positions 186 127 +46.5%
Closed positions 96 139 -30.9%
Increased positions 522 390 +33.8%
Reduced positions 375 487 -23.0%
13F shares
Current Prev Q Change
Total value 79.47B 63.29B +25.6%
Total shares 695.85M 614.49M +13.2%
Total puts 3.98M 2.44M +63.3%
Total calls 9.29M 16.11M -42.3%
Total put/call ratio 0.4 0.2 +183.2%
Largest owners
Shares Value Change
Kohlberg Kravis Roberts & Co. 85.3M $9.71B -19.1%
KKR 2006 Fund 85.3M $9.77B NEW
TROW T. Rowe Price 57.05M $6.49B -1.5%
Vanguard 45.39M $5.17B +0.2%
BLK Blackrock 40.96M $4.66B +4.6%
STT State Street 22.49M $2.56B -1.0%
Massachusetts Financial Services 17.34M $1.97B -15.3%
BAC Bank Of America 9.52M $1.08B +14.9%
Geode Capital Management 9.16M $1.04B +4.3%
Melvin Capital Management 8.7M $990.39M -17.5%
Largest transactions
Shares Bought/sold Change
KKR 2006 Fund 85.3M +85.3M NEW
Kohlberg Kravis Roberts & Co. 85.3M -20.13M -19.1%
Dodge & Cox 6.35M +6.35M NEW
Norges Bank 5.22M +5.22M NEW
Massachusetts Financial Services 17.34M -3.14M -15.3%
FMR 8.03M +2.92M +57.2%
GS Goldman Sachs 6.65M -2.71M -29.0%
BCS Barclays 1.07M -2.52M -70.2%
Egerton Capital 0 -2.19M EXIT
Holocene Advisors 468.73K -2.11M -81.8%

Financial report summary

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Risks
  • We operate in a competitive business environment and may not be able to compete effectively.
  • If we fail to keep pace with technological change, we could lose clients or have trouble attracting new clients, and our ability to grow may be limited.
  • If we are unable to renew client contracts at favorable terms, we could lose clients and our results of operations and financial condition may be adversely affected.
  • Our business depends, in part, on our merchant relationships and alliances, and if we are unable to maintain these relationships and alliances, our business may be adversely affected.
  • Changes in card association and debit network fees or products could increase costs or otherwise limit our operations.
  • Consolidations in the banking and financial services industry could adversely affect our revenue by eliminating existing or potential clients and making us more dependent on fewer clients.
  • Security incidents or other technological risks involving our systems and data, or those of our clients, partners or vendors, could expose us to liability or damage our reputation.
  • Operational failures and resulting interruptions in the implementation or availability of our products or services could harm our business and reputation.
  • Disruptions of operations of other participants in the global financial system could prevent us from delivering our products and services.
  • We may experience software defects, development delays or installation difficulties, which would harm our business and reputation and expose us to potential liability.
  • Our business has been, and is likely to continue to be, adversely impacted by the coronavirus (COVID-19) pandemic.
  • Our business may be adversely affected by geopolitical and other risks associated with operations outside of the U.S. and, as we continue to expand internationally, we may incur higher than anticipated costs and may become more susceptible to these risks.
  • The United Kingdom’s withdrawal from the European Union Single Market and Customs Union as part of the process known as “Brexit” could adversely affect our results of operations.
  • Our business may be adversely impacted by U.S. and global market and economic conditions.
  • Potential tariffs or trade wars could increase the cost of our products, which could adversely impact the competitiveness of our products and our financial results.
  • If we or third parties with whom we partner or contract fail to comply with applicable laws and regulations, we could be subject to liability and our business could be harmed.
  • If we fail to comply with the applicable requirements of the payment card networks and Nacha, they could seek to fine us, suspend us or terminate our registrations, which could adversely affect our business.
  • A heightened regulatory environment in the financial services industry may have an adverse impact on our clients and our business.
  • Legislative or regulatory initiatives on cybersecurity and data privacy could adversely impact our business and financial results.
  • We may be sued for infringing the intellectual property rights of others.
  • Misappropriation of our intellectual property and proprietary rights could impair our competitive position.
  • The failure to attract and retain key personnel could have a material adverse effect on our business.
  • Our merchants may be unable to satisfy obligations for which we may also be liable.
  • Acquisitions subject us to risks, including assumption of unforeseen liabilities and difficulties in integrating operations.
  • We may be obligated to indemnify the purchasers of businesses pursuant to the terms of the relevant purchase and sale agreements.
  • Our balance sheet includes significant amounts of goodwill and intangible assets. The impairment of a significant portion of these assets would negatively affect our results of operations.
  • Existing or future leverage may harm our financial condition and results of operations.
  • Our results of operations may be adversely affected by changes in foreign currency exchange rates.
  • The synergies attributable to the acquisition may vary from expectations.
  • We have incurred and expect to continue to incur substantial expenses related to the integration.
  • Our future results will be negatively impacted if we do not effectively manage our expanded operations.
  • New Omaha Holdings L.P. may sell a substantial amount of our common stock as certain restrictions on sales expire, and these sales could cause the price of our common stock to fall.
  • New Omaha may have influence over us and its interests may conflict with other shareholders.
Management Discussion
  • Processing and services revenue, which in 2020 represented 82% of our total revenue, is primarily generated from account- and transaction-based fees under multi-year contracts. Processing and services revenue is most reflective of our business performance as a significant amount of our total operating profit is generated by these services. Cost of processing and services includes costs directly associated with providing services to clients and includes the following: personnel; equipment and data communication; infrastructure costs, including costs to maintain software applications; client support; certain depreciation and amortization; and other operating expenses.
  • Product revenue, which in 2020 represented 18% of our total revenue, is primarily derived from print and card production sales, as well as software license sales and hardware (POS devices) sales. Cost of product includes costs directly associated with the products sold and includes the following: costs of materials and software development; hardware; personnel; infrastructure costs; certain depreciation and amortization; and other costs directly associated with product revenue.
  • Selling, general and administrative expenses primarily consist of: salaries, wages, commissions and related expenses paid to sales personnel, administrative employees and management; advertising and promotional costs; certain depreciation and amortization; and other selling and administrative expenses.
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