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Fiserv (FISV)

Fiserv, Inc. aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500® Index and the FORTUNE® 500, and is among FORTUNE World's Most Admired Companies ®.

Company profile

Ticker
FISV
Exchange
Website
CEO
Jeffery Yabuki
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
ayCash GmbH • BentoBox CMS Inc. • BillMatrix Corporation • BluePay Canada, ULC • BluePay Processing, LLC • CardConnect, LLC • Carreker Corporation • CashEdge, Inc. • CDI BluePay Private Limited • CheckFree Corporation ...
IRS number
391506125

FISV stock data

Calendar

27 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Kenneth Best Common Stock Gift Dispose G No No 0 1,151 0 33,975
8 Aug 22 Kenneth Best Common Stock Sell Dispose S No No 106.18 4,788 508.39K 35,126
8 Aug 22 Kenneth Best Common Stock Option exercise Acquire M No No 48.33 4,788 231.4K 39,914
8 Aug 22 Kenneth Best Common Stock Sell Dispose S No No 105.74 13,730 1.45M 35,126
8 Aug 22 Kenneth Best Employee Stock Option Common Stock Option exercise Dispose M No No 48.33 4,788 231.4K 0
1 Aug 22 Guy Chiarello Common Stock Sell Dispose S No No 106.06 11,000 1.17M 237,053
1 Aug 22 Guy Chiarello Common Stock Option exercise Acquire M No No 36.54 11,000 401.94K 248,053
1 Aug 22 Guy Chiarello Common Stock Sell Dispose S No Yes 105.03 4,000 420.12K 237,053
1 Aug 22 Guy Chiarello Common Stock Sell Dispose S No Yes 105 4,900 514.5K 241,053
1 Aug 22 Guy Chiarello Common Stock Sell Dispose S No Yes 104.11 10,100 1.05M 245,953
96.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1307 1334 -2.0%
Opened positions 96 195 -50.8%
Closed positions 123 155 -20.6%
Increased positions 494 464 +6.5%
Reduced positions 507 502 +1.0%
13F shares Current Prev Q Change
Total value 128.4B 128.33B +0.1%
Total shares 615.17M 639.69M -3.8%
Total puts 3.61M 4.33M -16.5%
Total calls 4.42M 6.28M -29.6%
Total put/call ratio 0.8 0.7 +18.5%
Largest owners Shares Value Change
Vanguard 47.89M $4.86B +0.7%
TROW T. Rowe Price 43.57M $4.42B -2.8%
KKR 2006 Fund 42.79M $4.3B -13.4%
BLK Blackrock 41.14M $4.17B +2.1%
Dodge & Cox 36.92M $3.74B +4.2%
Kohlberg Kravis Roberts & Co. 32.7M $3.32B -12.7%
Harris Associates L P 24.09M $2.44B +3.0%
STT State Street 23.82M $2.42B -1.0%
Parnassus Investments 14.97M $1.52B +1.2%
Massachusetts Financial Services 14.34M $1.45B -26.3%
Largest transactions Shares Bought/sold Change
KKR 2006 Fund 42.79M -6.62M -13.4%
Massachusetts Financial Services 14.34M -5.13M -26.3%
Norges Bank 0 -5.04M EXIT
Kohlberg Kravis Roberts & Co. 32.7M -4.74M -12.7%
FMR 2.4M -3.42M -58.7%
Veritas Asset Management 10.02M +2.14M +27.2%
Glenview Capital Management 2.14M +1.64M +329.2%
GS Goldman Sachs 3.28M -1.49M -31.3%
Dodge & Cox 36.92M +1.49M +4.2%
Focused Investors 1.31M +1.31M NEW

Financial report summary

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Risks
  • The ongoing COVID-19 pandemic has had, and may continue to have, adverse impacts on our business and may amplify many of our other known 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 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.
  • 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.
  • Fraud by merchants or others could have a material adverse effect on our business, results of operations and financial condition.
  • 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.
  • 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
  • (1)Percentage of revenue is calculated as the relevant revenue, expense or income amount divided by total revenue, except for cost of processing and services and cost of product amounts, which are divided by the related component of revenue.
  • (1)Percentage of revenue is calculated as the relevant revenue, expense or income amount divided by total revenue, except for cost of processing and services and cost of product amounts, which are divided by the related component of revenue.
  • (1)Represents the basis point growth or decline in operating margin.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: ERP, inflation, intensified, macroeconomic, multicurrency, North, prohibit, repaid, Resource, SAP, slightly, SOFR, Troubled, unpaid, Vintage, voluntarily
Removed: adequate, commitment, compensating, conduct, conducted, drove, external, hardware, improvement, representing, September, sufficient, uncertainty, updated