Fiserv, Inc. $FISV Shares Purchased by Blume Capital Management Inc.

Blume Capital Management Inc. increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 785.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,197 shares of the business services provider’s stock after purchasing an additional 22,352 shares during the quarter. Blume Capital Management Inc.’s holdings in Fiserv were worth $3,249,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FISV. Sound Income Strategies LLC purchased a new position in shares of Fiserv during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC raised its position in Fiserv by 3,750.0% during the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares during the period. Clear Street LLC purchased a new position in Fiserv during the second quarter valued at $34,000. Westfuller Advisors LLC acquired a new stake in shares of Fiserv in the third quarter valued at about $36,000. Finally, Golden State Wealth Management LLC increased its stake 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 worth $42,000 after purchasing an additional 221 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 2.7%

Shares of NASDAQ:FISV opened at $60.00 on Monday. Fiserv, Inc. has a 52-week low of $57.79 and a 52-week high of $238.59. The stock has a market cap of $32.62 billion, a P/E ratio of 9.27, a PEG ratio of 3.44 and a beta of 0.78. The business has a fifty day moving average of $66.23 and a two-hundred day moving average of $97.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FISV. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Finally, Stephens set a $75.00 target price on shares of Fiserv in a research note on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.34.

Insider Activity

In other news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was 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 directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

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.