Investors Buy High Volume of Put Options on Fiserv (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISV) was the recipient of unusually large options trading on Monday. Investors acquired 78,991 put options on the stock. This represents an increase of 237% compared to the average volume of 23,421 put options.

Fiserv Stock Performance

FISV opened at $60.14 on Tuesday. The firm has a fifty day moving average price of $66.18 and a 200 day moving average price of $97.22. Fiserv has a 1 year low of $57.79 and a 1 year high of $238.59. The stock has a market cap of $32.69 billion, a P/E ratio of 9.30, a P/E/G ratio of 3.44 and a beta of 0.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Activity

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its stake in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the period. IFP Advisors Inc increased its holdings in Fiserv by 33.3% in the 2nd quarter. IFP Advisors Inc now owns 10,824 shares of the business services provider’s stock worth $1,871,000 after acquiring an additional 2,704 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Fiserv by 54.4% during the second quarter. JFS Wealth Advisors LLC now owns 2,092 shares of the business services provider’s stock worth $361,000 after acquiring an additional 737 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Fiserv by 16.2% during the second quarter. Fifth Third Wealth Advisors LLC now owns 8,745 shares of the business services provider’s stock valued at $1,508,000 after purchasing an additional 1,216 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FISV has been the subject of a number of research analyst reports. Susquehanna restated a “positive” rating and issued a $99.00 target price (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Stephens set a $75.00 target price on Fiserv in a report on Friday, January 16th. B. Riley Financial cut their price target on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating on the stock in a report on Friday, January 16th. Finally, KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.34.

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.