Homestead Advisers Corp Sells 248,300 Shares of Fiserv, Inc. $FISV

Homestead Advisers Corp lowered its stake in Fiserv, Inc. (NASDAQ:FISV) by 37.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 411,400 shares of the business services provider’s stock after selling 248,300 shares during the period. Homestead Advisers Corp’s holdings in Fiserv were worth $53,042,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in Fiserv in the third quarter valued at about $28,000. True Wealth Design LLC lifted its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Hager Investment Management Services LLC bought a new position in shares of Fiserv in the 2nd quarter valued at about $34,000. Clear Street LLC bought a new position in shares of Fiserv in the 2nd quarter valued at about $34,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were bought 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 approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FISV shares. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.34.

Fiserv Stock Up 2.8%

FISV stock opened at $59.72 on Thursday. The business has a 50-day moving average of $66.31 and a 200-day moving average of $99.59. Fiserv, Inc. has a fifty-two week low of $57.79 and a fifty-two week high of $238.59. The stock has a market capitalization of $32.46 billion, a P/E ratio of 9.23, a P/E/G ratio of 3.33 and a beta of 0.78. 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 Company 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.