Advisory Services Network LLC Grows Holdings in Fiserv, Inc. $FISV

Advisory Services Network LLC lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 37.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,157 shares of the business services provider’s stock after purchasing an additional 10,075 shares during the period. Advisory Services Network LLC’s holdings in Fiserv were worth $6,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Activest Wealth Management raised its stake 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 valued at $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Fiserv during the 2nd quarter worth $34,000. Clear Street LLC bought a new stake in Fiserv during the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc lifted its holdings 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 buying an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. grew its position in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.9%

Fiserv stock opened at $68.75 on Monday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The business has a fifty day moving average price of $84.45 and a 200-day moving average price of $126.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The stock 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.

Fiserv (NASDAQ:FISV) last released 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 during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on FISV shares. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Wednesday, November 5th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. BTIG Research reissued a “buy” rating and issued a $180.00 price objective on shares of Fiserv in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $121.08.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 34,900 shares of company stock valued at $2,211,971 in the last three months. 0.75% of the stock is owned by insiders.

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.