Continuum Advisory LLC Boosts Stake in Fiserv, Inc. $FISV

Continuum Advisory LLC lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 2,051.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,471 shares of the business services provider’s stock after acquiring an additional 26,194 shares during the period. Continuum Advisory LLC’s holdings in Fiserv were worth $3,542,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC raised its holdings in Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares in the last quarter. Abacus Wealth Partners LLC grew its position in shares of Fiserv by 1.6% in the 2nd quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after buying an additional 72 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Fiserv by 2.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after acquiring an additional 77 shares in the last quarter. Central Bank & Trust Co. lifted its position in Fiserv by 1.9% during the second quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock valued at $715,000 after acquiring an additional 78 shares during the last quarter. Finally, Quadcap Wealth Management LLC boosted its stake in Fiserv by 2.1% in the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $67.25 on Tuesday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The business’s 50 day moving average price is $72.24 and its 200 day moving average price is $118.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $36.56 billion, a P/E ratio of 10.39, a P/E/G ratio of 2.60 and a beta of 0.80.

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

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, 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 position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last three months. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Citigroup decreased their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Zacks Research lowered Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Argus reaffirmed a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price 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.