Allen Mooney & Barnes Investment Advisors LLC Purchases 105,525 Shares of Fiserv, Inc. $FISV

Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 2,698.2% during the third quarter, Holdings Channel.com reports. The firm owned 109,436 shares of the business services provider’s stock after acquiring an additional 105,525 shares during the quarter. Fiserv comprises about 2.2% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 19th largest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Fiserv were worth $14,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Fiserv during the third quarter valued at $28,000. Activest Wealth Management increased its holdings in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Fiserv in the 2nd quarter worth about $34,000. Clear Street LLC purchased a new position in shares of Fiserv in the 2nd quarter worth about $34,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.3%

FISV stock opened at $67.95 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The business has a 50 day simple moving average of $75.46 and a two-hundred day simple moving average of $121.04. The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 2.61 and a beta of 0.80.

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

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

FISV has been the topic of several analyst reports. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Mizuho lowered their price target on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday. The Goldman Sachs Group cut Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. Argus reissued a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 target price on shares of Fiserv in a research note on Thursday, October 16th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $119.58.

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.