Fiserv, Inc. $FISV Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 37.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,157 shares of the business services provider’s stock after acquiring an additional 10,075 shares during the quarter. Advisory Services Network LLC’s holdings in Fiserv were worth $6,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Boston Partners lifted its stake in shares of Fiserv by 93.0% in the 1st quarter. Boston Partners now owns 12,491 shares of the business services provider’s stock valued at $2,758,000 after purchasing an additional 6,020 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in Fiserv by 123.1% during the first quarter. Vestmark Advisory Solutions Inc. now owns 3,052 shares of the business services provider’s stock worth $674,000 after buying an additional 1,684 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Fiserv by 13.4% during the first quarter. EverSource Wealth Advisors LLC now owns 4,341 shares of the business services provider’s stock valued at $959,000 after buying an additional 513 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 0.9%

Shares of FISV stock opened at $68.75 on Monday. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a market capitalization of $37.37 billion, a P/E ratio of 10.63, a PEG ratio of 2.65 and a beta of 0.80. The stock’s fifty day moving average is $84.45 and its two-hundred day moving average is $126.09. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

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

Wall Street Analyst Weigh In

FISV has been the topic of several recent analyst reports. Truist Financial lowered shares of Fiserv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. TD Cowen downgraded Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $121.08.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, 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. Insiders have purchased a total of 34,900 shares of company stock worth $2,211,971 in the last ninety days. Insiders own 0.75% of the company’s stock.

Fiserv Profile

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.