Boston Family Office LLC Has $2.31 Million Holdings in Fiserv, Inc. $FISV

Boston Family Office LLC increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 80.9% during the second quarter, HoldingsChannel.com reports. The fund owned 13,392 shares of the business services provider’s stock after purchasing an additional 5,990 shares during the period. Boston Family Office LLC’s holdings in Fiserv were worth $2,309,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FISV. Activest Wealth Management boosted its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv in the second quarter worth $34,000. Christopher J. Hasenberg Inc lifted its stake in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Golden State Wealth Management LLC grew its stake 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 buying an additional 221 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FISV shares. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. KeyCorp cut Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fiserv in a research report on Monday, November 24th. Finally, Mizuho set a $145.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $121.08.

Fiserv Trading Up 1.1%

Shares of Fiserv stock opened at $61.47 on Monday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The firm has a market capitalization of $33.41 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The company’s fifty day moving average price is $96.97 and its two-hundred day moving average price is $132.87.

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

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.