Busey Bank Purchases 17,694 Shares of Fiserv, Inc. $FISV

Busey Bank raised its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,364 shares of the business services provider’s stock after buying an additional 17,694 shares during the quarter. Busey Bank’s holdings in Fiserv were worth $15,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FISV. Activest Wealth Management lifted 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 valued at $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv during the second quarter worth $34,000. Clear Street LLC purchased a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc boosted its position in shares of 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. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $67.95 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The firm has a 50 day moving average of $74.46 and a two-hundred day moving average of $120.67. The firm has a market capitalization of $36.94 billion, a PE ratio of 10.50, a P/E/G ratio of 2.62 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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 business had revenue of $4.32 billion for the quarter. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on FISV shares. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a research note on Thursday, October 30th. Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $180.00 price target on shares of Fiserv in a report on Wednesday, October 29th. Ten 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $119.58.

Insiders Place Their Bets

In related news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost 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 trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 34,900 shares of company stock valued at $2,211,971. Company insiders own 1.00% of the company’s stock.

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.