Traders Purchase High Volume of Put Options on Fiserv (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISV) was the recipient of unusually large options trading activity on Monday. Investors acquired 78,991 put options on the stock. This is an increase of 237% compared to the average volume of 23,421 put options.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Fiserv by 2.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 77 shares in the last quarter. Quadcap Wealth Management LLC raised its stake in Fiserv by 2.1% during the 2nd quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 79 shares in the last quarter. Strategic Blueprint LLC raised 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 worth $341,000 after buying an additional 83 shares in the last quarter. Glenview Trust co raised its stake in shares of Fiserv by 0.3% in the 2nd quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock worth $5,666,000 after buying an additional 85 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of Fiserv by 0.9% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.1%

Shares of NASDAQ:FISV traded up $0.08 during mid-day trading on Monday, hitting $60.08. 3,593,316 shares of the company traded hands, compared to its average volume of 9,414,274. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $97.78. Fiserv has a 52-week low of $57.79 and a 52-week high of $238.59. 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 firm has a market cap of $32.66 billion, a P/E ratio of 9.29, a PEG ratio of 3.44 and a beta of 0.78.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Susquehanna restated a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. BNP Paribas Exane cut Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Wednesday, November 5th. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Seaport Research Partners lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.34.

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.