Fiserv, Inc. $FISV Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC grew its holdings in Fiserv, Inc. (NASDAQ:FISV) by 129.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,669 shares of the business services provider’s stock after purchasing an additional 8,834 shares during the period. Mutual Advisors LLC’s holdings in Fiserv were worth $1,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FISV. Hager Investment Management Services LLC purchased a new position in Fiserv during the second quarter worth about $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Sound Income Strategies LLC acquired a new position in shares of Fiserv in the 3rd quarter worth approximately $28,000. True Wealth Design LLC boosted its position in shares of Fiserv by 3,750.0% during 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 during the period. Finally, Golden State Wealth Management LLC increased its holdings in Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 221 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. TD Cowen reissued a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. Argus restated a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Stephens set a $75.00 target price on Fiserv in a report on Friday, January 16th. Finally, Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target on the stock. in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $113.34.

Fiserv Stock Down 7.7%

FISV stock opened at $58.12 on Wednesday. The company’s 50 day moving average price is $66.33 and its 200 day moving average price is $99.87. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.60 and a beta of 0.78. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

About Fiserv

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.