Insider Buying: Fiserv (NASDAQ:FISV) Insider Buys 7,900 Shares of Stock

Fiserv, Inc. (NASDAQ:FISV) insider Adam Rosman bought 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Fiserv Stock Up 0.9%

Shares of FISV traded up $0.55 during trading hours on Tuesday, hitting $63.24. 7,004,640 shares of the company were exchanged, compared to its average volume of 9,595,549. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $34.38 billion, a PE ratio of 6.84, a PEG ratio of 2.41 and a beta of 0.80. The firm’s 50 day moving average is $95.61 and its 200-day moving average is $132.20. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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%. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Seaport Res Ptn downgraded shares of Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. UBS Group set a $75.00 price target on shares of Fiserv and gave the company a “neutral” rating 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. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and lowered their target price for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus price target of $121.08.

Institutional Trading of Fiserv

Institutional investors have recently modified their holdings of the company. E Fund Management Co. Ltd. boosted its stake in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after buying an additional 55 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its holdings in shares of Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares during the period. SageView Advisory Group LLC boosted its position in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 62 shares in the last quarter. 17 Capital Partners LLC increased its stake in Fiserv by 0.9% in the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock valued at $1,659,000 after acquiring an additional 70 shares during the period. Finally, Hemington Wealth Management raised its position in Fiserv by 8.3% in the first quarter. Hemington Wealth Management now owns 936 shares of the business services provider’s stock worth $206,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.