Fiserv, Inc. $FISV Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 57.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,396 shares of the business services provider’s stock after purchasing an additional 22,123 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Fiserv were worth $10,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its position in shares of 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 buying an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Fiserv during the 2nd quarter valued at $34,000. Clear Street LLC acquired a new position in Fiserv during the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc increased its position in shares of Fiserv by 218.5% in 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 during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of 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 in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on FISV shares. KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $149.00 to $79.00 in a research report on Thursday, October 30th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Mizuho set a $145.00 price objective on Fiserv and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Fiserv in a report on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $121.08.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by company insiders.

Fiserv Trading Up 0.9%

Fiserv stock opened at $68.75 on Friday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $37.37 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.65 and a beta of 0.80. The firm has a 50-day moving average price of $84.45 and a two-hundred day moving average price of $126.34.

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

Fiserv 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.