Eagle Strategies LLC Purchases Shares of 12,624 Fiserv, Inc. $FISV

Eagle Strategies LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,624 shares of the business services provider’s stock, valued at approximately $1,628,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FISV. Sound Income Strategies LLC bought a new position in Fiserv in the third quarter worth approximately $28,000. True Wealth Design LLC increased its stake in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Fiserv in the 2nd quarter worth $34,000. Clear Street LLC bought a new position in Fiserv in the 2nd quarter worth $34,000. Finally, Christopher J. Hasenberg Inc lifted its position in 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 purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 34,900 shares of company stock worth $2,211,971. Corporate insiders own 1.00% of the company’s stock.

Fiserv Price Performance

FISV stock opened at $65.59 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day moving average price is $67.58 and its 200-day moving average price is $116.19. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company has a market capitalization of $35.65 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80.

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

Analyst Ratings Changes

Several research firms have recently commented on FISV. TD Cowen downgraded Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Thursday, October 30th. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Wednesday, November 5th. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and decreased their target price for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Susquehanna reiterated a “positive” rating and issued a $99.00 price target (down from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Finally, Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $114.42.

Fiserv 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.