Parallel Advisors LLC boosted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,580 shares of the business services provider’s stock after acquiring an additional 459 shares during the quarter. Parallel Advisors LLC’s holdings in Fiserv were worth $267,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Truewealth LLC boosted its stake in shares of Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network bought a new position in shares of Fiserv in the 3rd quarter valued at about $29,000. Advantage Investment Management LLC boosted its stake in shares of Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 187 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Fiserv in the 3rd quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter.
FISV stock traded up $0.96 during mid-day trading on Friday, hitting $110.61. 4,201,000 shares of the company were exchanged, compared to its average volume of 4,555,937. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The firm’s 50 day simple moving average is $104.63 and its 200 day simple moving average is $97.58. The firm has a market cap of $40.87 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78.
In other Fiserv news, EVP Christopher M. Foskett sold 5,000 shares of Fiserv stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Guy Chiarello sold 46,000 shares of Fiserv stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the transaction, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock valued at $13,422,250 over the last three months. 1.40% of the stock is owned by company insiders.
FISV has been the topic of several recent research reports. Berenberg Bank initiated coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price on the stock. Robert W. Baird lifted their price objective on shares of Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. began coverage on shares of Fiserv in a research note on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective on the stock. SunTrust Banks lifted their price objective on shares of Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $107.85.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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