Fiserv Sees Unusually Large Options Volume (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISV) saw some unusual options trading activity on Monday. Stock investors purchased 78,991 put options on the company. This is an increase of approximately 237% compared to the typical volume of 23,421 put options.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the 4th quarter worth approximately $25,000. American National Bank & Trust bought a new position in Fiserv during the fourth quarter worth $27,000. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the fourth quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in shares of Fiserv during the 3rd quarter worth about $28,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.1%

NASDAQ:FISV traded up $0.08 during trading hours on Monday, reaching $60.08. 3,593,316 shares of the stock were exchanged, compared to its average volume of 9,414,274. The stock has a market cap of $32.66 billion, a PE ratio of 9.29, a PEG ratio of 3.44 and a beta of 0.78. Fiserv has a twelve month low of $57.79 and a twelve month high of $238.59. The firm has a 50 day moving average of $66.23 and a 200 day moving average of $97.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FISV. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $79.00 in a research report on Thursday, October 30th. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. B. Riley Financial cut their price target on Fiserv from $105.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research report on Thursday, December 4th. Ten investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.