Continuum Advisory LLC Raises Stock Holdings in Fiserv, Inc. $FISV

Continuum Advisory LLC lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 2,051.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,471 shares of the business services provider’s stock after purchasing an additional 26,194 shares during the quarter. Continuum Advisory LLC’s holdings in Fiserv were worth $3,542,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FISV. Norges Bank bought a new stake in shares of Fiserv in the 2nd quarter worth about $1,252,260,000. Marshall Wace LLP purchased a new position in Fiserv in the second quarter worth about $356,643,000. Assenagon Asset Management S.A. increased its stake in Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the last quarter. Swedbank AB raised its position in Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Fiserv by 2,134.9% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after purchasing an additional 948,634 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.4%

Shares of FISV opened at $67.25 on Tuesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a 50-day moving average of $72.24 and a 200 day moving average of $118.59. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 2.60 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

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

Insiders Place Their Bets

In other news, Director Lance M. Fritz acquired 10,000 shares of the firm’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 acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FISV. Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price objective on shares of Fiserv in a research report on Thursday, December 4th. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and dropped their price target for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a research report on Friday, November 14th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $119.58.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.