Aviso Financial Inc. Purchases 4,432 Shares of Fiserv, Inc. $FISV

Aviso Financial Inc. lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,224 shares of the business services provider’s stock after purchasing an additional 4,432 shares during the period. Aviso Financial Inc.’s holdings in Fiserv were worth $2,625,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $34,000. Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its holdings in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Fiserv by 960.9% in the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after acquiring an additional 221 shares during the period. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FISV has been the subject of several research analyst reports. Stephens lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a report on Thursday, October 30th. The Goldman Sachs Group cut Fiserv from a “buy” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. BNP Paribas Exane restated a “neutral” rating and set a $62.00 price target on shares of Fiserv in a research report on Wednesday, November 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $123.25.

Fiserv Trading Down 0.3%

Shares of FISV stock opened at $60.67 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The stock has a fifty day simple moving average of $102.72 and a two-hundred day simple moving average of $136.45. The firm has a market capitalization of $32.98 billion, a PE ratio of 9.38, a PEG ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Fiserv Company Profile

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.