Applied Finance Capital Management LLC Increases Stock Holdings in Fiserv, Inc. $FISV

Applied Finance Capital Management LLC boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 21.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,337 shares of the business services provider’s stock after acquiring an additional 21,993 shares during the period. Applied Finance Capital Management LLC’s holdings in Fiserv were worth $15,774,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FISV. Clear Street LLC purchased a new stake in Fiserv in the second quarter worth about $34,000. Sound Income Strategies LLC bought a new position in shares of Fiserv in the 3rd quarter worth approximately $28,000. True Wealth Design LLC raised its position in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 221 shares during the period. Finally, Solstein Capital LLC bought a new stake in shares of Fiserv during the second quarter valued at approximately $43,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FISV shares. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the company an “outperform” rating in a 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. Cantor Fitzgerald upgraded shares of Fiserv to a “hold” rating in a report on Tuesday, January 27th. Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Monday, February 2nd. Finally, Stephens set a $75.00 price target on Fiserv in a research report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.34.

Fiserv Stock Performance

Shares of FISV opened at $60.14 on Tuesday. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $238.59. The business’s fifty day simple moving average is $66.18 and its two-hundred day simple moving average is $97.22. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 3.44 and a beta of 0.78.

Insider Activity

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction dated 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 acquisition, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.75% of the stock is currently owned by company insiders.

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.