Country Club Bank Acquires New Stake in Fiserv, Inc. $FISV

Country Club Bank acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,908 shares of the business services provider’s stock, valued at approximately $2,075,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Activest Wealth Management increased its stake in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the 2nd quarter valued at about $34,000. Clear Street LLC bought a new position in Fiserv in the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc increased its position 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 worth $36,000 after acquiring an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. raised its stake 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. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction 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 acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 34,900 shares of company stock valued at $2,211,971 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FISV. Mizuho set a $145.00 price objective on Fiserv and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Oppenheimer reiterated an “outperform” rating and set a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Price Performance

Shares of FISV stock opened at $68.00 on Friday. The stock’s 50-day moving average is $79.82 and its 200 day moving average is $124.00. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. 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 company has a market cap of $36.96 billion, a P/E ratio of 10.51, a PEG ratio of 2.63 and a beta of 0.80.

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

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.