Fiserv, Inc. $FISV Shares Purchased by CX Institutional

CX Institutional grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,172 shares of the business services provider’s stock after purchasing an additional 13,075 shares during the period. CX Institutional’s holdings in Fiserv were worth $7,629,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Childress Capital Advisors LLC raised its position in Fiserv by 6.9% in the third quarter. Childress Capital Advisors LLC now owns 2,532 shares of the business services provider’s stock worth $326,000 after acquiring an additional 164 shares in the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of Fiserv by 1.7% in the 3rd quarter. Integral Investment Advisors Inc. now owns 8,547 shares of the business services provider’s stock valued at $1,102,000 after purchasing an additional 142 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Fiserv by 0.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 129,997 shares of the business services provider’s stock valued at $16,761,000 after purchasing an additional 1,135 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Fiserv by 2.4% in the third quarter. Geneos Wealth Management Inc. now owns 61,866 shares of the business services provider’s stock valued at $7,976,000 after purchasing an additional 1,470 shares during the period. Finally, Community Trust & Investment Co. purchased a new stake in Fiserv during the third quarter worth about $10,055,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.0%

Shares of NASDAQ:FISV opened at $68.75 on Thursday. 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 company has a market capitalization of $37.37 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.76 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The stock’s fifty day simple moving average is $65.20 and its 200-day simple moving average is $114.23.

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

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 34,900 shares of company stock valued at $2,211,971 over the last 90 days. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Argus reissued a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.42.

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.