Fiserv, Inc. $FISV Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,651,771 shares of the business services provider’s stock after selling 228,722 shares during the period. Envestnet Asset Management Inc.’s holdings in Fiserv were worth $212,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FISV. Vise Technologies Inc. bought a new stake in Fiserv during the second quarter valued at approximately $2,320,000. Factory Mutual Insurance Co. grew its position in shares of Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after acquiring an additional 16,500 shares during the period. Dillon & Associates Inc. increased its stake in shares of Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC bought a new position in Fiserv in the 2nd quarter worth $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in Fiserv by 236.6% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 5,649 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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 owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

Fiserv Price Performance

FISV stock opened at $58.44 on Friday. 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’s fifty day moving average price is $66.26 and its 200-day moving average price is $99.30. Fiserv, Inc. has a one year low of $57.79 and a one year high of $238.59. The company has a market capitalization of $31.77 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78.

Analyst Ratings Changes

FISV has been the subject of a number of analyst reports. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on shares of Fiserv in a report on Thursday, October 16th. Sanford C. Bernstein downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $205.00 to $80.00 in a report on Thursday, October 30th. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective for the company. in a research note on Wednesday, October 29th. Finally, Argus restated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Ten 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.34.

About Fiserv

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.