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
Ticker
FISV
Exchange
Website
CEO
Jeffery Yabuki
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
391506125
FISV stock data
()
News
Fiserv To Acquire Fintech Firm Pineapple Payments For Undisclosed Sum
31 Mar 21
Stocks That Hit 52-Week Highs On Thursday
11 Mar 21
10 Information Technology Stocks Showing Unusual Options Activity In Today's Session
2 Mar 21
The Past Week's Notable Insider Buys: More Biotech IPOs, Bumble, Fiserv And More
20 Feb 21
Morgan Stanley Maintains Equal-Weight on Fiserv, Raises Price Target to $115
12 Feb 21
Press releases
Fiserv to Release First Quarter Earnings Results on April 27, 2021
7 Apr 21
PSG Agrees to Sell Pineapple Payments to Fiserv
31 Mar 21
Fiserv Recognized for Real-time B2B Payments Innovation in FinTech Breakthrough Awards
29 Mar 21
Fiserv Recognized for Real-time B2B Payments Innovation in FinTech Breakthrough Awards
29 Mar 21
Fiserv to Streamline Delivery of Innovative Payment Solutions to Merchants with Acquisition of Pineapple Payments
25 Mar 21
Calendar
26 Feb 21
18 Apr 21
31 Dec 21
Financial summary
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Financial data from Fiserv earnings reports.
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 1263 |
Opened positions | 186 |
Closed positions | 96 |
Increased positions | 522 |
Reduced positions | 375 |
13F shares |
Current |
---|---|
Total value | 79.47B |
Total shares | 695.85M |
Total puts | 3.98M |
Total calls | 9.29M |
Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
---|---|---|
Kohlberg Kravis Roberts & Co. | 85.3M | $9.71B |
KKR 2006 Fund | 85.3M | $9.77B |
TROW T. Rowe Price | 57.05M | $6.49B |
Vanguard | 45.39M | $5.17B |
BLK Blackrock | 40.96M | $4.66B |
STT State Street | 22.49M | $2.56B |
Massachusetts Financial Services | 17.34M | $1.97B |
BAC Bank Of America | 9.52M | $1.08B |
Geode Capital Management | 9.16M | $1.04B |
Melvin Capital Management | 8.7M | $990.39M |
Financial report summary
?Competition
Diebold Nixdorf • NCR • Jack Henry & Associates • ACI Worldwide • Moody`s • Usio • Global Payments • Genesis Financial • Nelnet • InsPro TechnologiesRisks
- 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.
Content analysis
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New words:
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Removed:
approximated, assured, begun, behavior, beneficial, broader, consolidating, deconversion, deferring, Delaware, deliverable, Dovetail, enrich, entirety, extensive, FundsSM, Jeffery, licensure, objective, OBS, PCLender, PEP, persuasive, portray, positively, principally, prohibition, reclassification, reclassified, reincorporated, relied, StoneRiver, transform, transmitter, Treasurer, Yabuki
Financial reports
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
28 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
Fiserv Reports Fourth Quarter and Full Year 2020 Results
9 Feb 21
8-K
Other Events
14 Dec 20
8-K/A
Departure of Directors or Certain Officers
23 Nov 20
8-K
Departure of Directors or Certain Officers
2 Nov 20
8-K
Fiserv Reports Third Quarter 2020 Results
27 Oct 20
8-K
Other Events
21 Aug 20
8-K
Fiserv Reports Second Quarter 2020 Results
5 Aug 20
8-K
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
19 Jun 20
8-K
Amendments to Articles of Incorporation or Bylaws
14 May 20
8-K
Entry into a Material Definitive Agreement
13 May 20
Registration and prospectus
424B7
Prospectus with selling stockholder info
11 Dec 20
FWP
Free writing prospectus
10 Dec 20
FWP
Free writing prospectus
9 Dec 20
424B7
Prospectus with selling stockholder info
9 Dec 20
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Oct 20
424B7
Prospectus with selling stockholder info
20 Aug 20
424B7
Prospectus with selling stockholder info
18 Aug 20
424B5
Prospectus supplement for primary offering
12 May 20
FWP
Free writing prospectus
11 May 20
424B5
Prospectus supplement for primary offering
11 May 20
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 21
DEF 14A
Definitive proxy
6 Apr 21
DEFA14A
Additional proxy soliciting materials
8 May 20
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEF 14A
Definitive proxy
1 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 18
DEFA14A
Additional proxy soliciting materials
9 Apr 18
DEF 14A
Definitive proxy
10 Apr 17
Other
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
21 Jul 19
CORRESP
Correspondence with SEC
7 Jul 19
CORRESP
Correspondence with SEC
19 Jun 19
CORRESP
Correspondence with SEC
4 Jun 19
UPLOAD
Letter from SEC
21 May 19
CORRESP
Correspondence with SEC
7 May 19
CORRESP
Correspondence with SEC
16 Apr 19
UPLOAD
Letter from SEC
9 Apr 19
EFFECT
Notice of effectiveness
15 Mar 19
Ownership
4
FISERV / Guy Chiarello ownership change
16 Apr 21
4
FISERV / Doyle Simons ownership change
2 Apr 21
4
FISERV / DENIS OLEARY ownership change
2 Apr 21
4
FISERV / SCOTT C NUTTALL ownership change
2 Apr 21
4
FISERV / HEIDI MILLER ownership change
2 Apr 21
4
FISERV / Harry DiSimone ownership change
2 Apr 21
4
FISERV / CASTRO HENRIQUE DE ownership change
2 Apr 21
4
FISERV / Frank Bisignano ownership change
18 Mar 21
4
FISERV / Guy Chiarello ownership change
15 Mar 21
4
FISERV / Doyle Simons ownership change
12 Mar 21
Patents
GRANT
Utility
Message handling at a mobile gateway for managing data structures and sub-structures
23 Mar 21
Users of mobile devices communicate through a mobile gateway to a transaction processing system.
GRANT
Utility
Token management and handling system
16 Mar 21
Systems and methods for handling tokens.
APP
Utility
System and Method for Storing Data Used by Breach Detection Systems
11 Feb 21
A system for detecting breach of merchant systems includes an extraction management system for extracting wildcard data from a dump site at which stolen account data is offered for sale.
GRANT
Utility
Proximity-based user authentication for providing a webpage of an access-controlled application
2 Feb 21
Example embodiments relate to controlling secured access to electronically provided application functionality or content.
GRANT
Utility
Systems and methods for incident queue assignment and prioritization
28 Dec 20
Systems, methods and computer-readable media for incident queue assignment and prioritization are disclosed.
Transcripts
2020 Q4
Earnings call transcript
10 Feb 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
6 Nov 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
30 Apr 19
2018 Q4
Earnings call transcript
7 Feb 19
2018 Q3
Earnings call transcript
31 Oct 18
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