Thrivent Financial for Lutherans Sells 95,377 Shares of Fiserv, Inc. $FISV

Thrivent Financial for Lutherans trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 49.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,387 shares of the business services provider’s stock after selling 95,377 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fiserv were worth $12,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FISV. Vise Technologies Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth $2,320,000. Factory Mutual Insurance Co. raised its stake in Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. boosted its holdings in Fiserv by 9.1% in the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after acquiring an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC purchased a new stake in shares of Fiserv during the second quarter worth about $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock worth $1,386,000 after purchasing an additional 5,649 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The shares were acquired 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 in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BNP Paribas Exane downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price objective on shares of Fiserv in a report on Thursday, December 4th. Finally, UBS Group set a $75.00 target price on Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and an average target price of $113.34.

Fiserv Trading Up 2.8%

Shares of NASDAQ:FISV opened at $59.72 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $57.79 and a 12-month high of $238.59. The business has a 50 day moving average of $66.31 and a two-hundred day moving average of $99.59. The company has a market capitalization of $32.46 billion, a PE ratio of 9.23, a PEG ratio of 3.33 and a beta of 0.78.

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.