Homestead Advisers Corp Has $53.04 Million Stake in Fiserv, Inc. $FISV

Homestead Advisers Corp lessened its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 37.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 411,400 shares of the business services provider’s stock after selling 248,300 shares during the period. Homestead Advisers Corp owned approximately 0.08% of Fiserv worth $53,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter worth $34,000. Clear Street LLC bought a new stake in Fiserv in the 2nd quarter valued at $34,000. Sound Income Strategies LLC acquired a new stake in Fiserv in the 3rd quarter worth $28,000. True Wealth Design LLC increased its holdings 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 raised its position in shares of Fiserv by 960.9% during the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after buying an additional 221 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction on Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FISV has been the topic of several research reports. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research note on Thursday, October 16th. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus price target of $113.34.

Fiserv Price Performance

NASDAQ:FISV opened at $59.72 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $32.46 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $238.59. The company’s 50-day moving average price is $66.31 and its two-hundred day moving average price is $99.59.

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.