Associated Banc Corp Has $67.32 Million Stock Position in Fiserv, Inc. $FISV

Associated Banc Corp decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,438 shares of the business services provider’s stock after selling 2,157 shares during the period. Fiserv comprises 1.9% of Associated Banc Corp’s holdings, making the stock its 10th largest holding. Associated Banc Corp owned approximately 0.07% of Fiserv worth $67,315,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv during the 2nd quarter worth approximately $34,000. Christopher J. Hasenberg Inc increased its position in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Finally, Saudi Central Bank acquired a new stake in Fiserv in the first quarter valued at approximately $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

FISV stock opened at $60.67 on Tuesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $102.72 and a 200-day moving average price of $136.45. The firm has a market cap of $32.98 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FISV has been the subject of a number of research reports. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a research note on Wednesday, November 5th. Jefferies Financial Group dropped their target price on Fiserv from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Citigroup reduced their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.25.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.