Thrivent Financial for Lutherans Sells 95,377 Shares of Fiserv, Inc. $FISV

Thrivent Financial for Lutherans reduced its stake in Fiserv, Inc. (NASDAQ:FISV) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,387 shares of the business services provider’s stock after selling 95,377 shares during the period. Thrivent Financial for Lutherans’ holdings in Fiserv were worth $12,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FISV. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Fiserv by 2.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after buying an additional 77 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in shares of Fiserv by 2.1% during the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after acquiring an additional 79 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Fiserv by 4.4% during the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 83 shares during the last quarter. Glenview Trust co grew its holdings in shares of Fiserv by 0.3% in the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after purchasing an additional 85 shares in the last quarter. Finally, Smithfield Trust Co increased its position in Fiserv by 0.9% in the second quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock worth $1,685,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on FISV. Citigroup lowered their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Morgan Stanley cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price for the company. in a report on Friday, November 14th. Tigress Financial set a $95.00 price target on Fiserv and gave the company a “buy” rating in a report on Wednesday, December 31st. Finally, Northcoast Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.34.

Fiserv Stock Performance

Shares of Fiserv stock opened at $59.72 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 stock’s fifty day moving average is $66.31 and its two-hundred day moving average is $99.59. Fiserv, Inc. has a 52 week low of $57.79 and a 52 week high of $238.59. The company has a market capitalization of $32.46 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

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.