11,638 Shares in Fiserv, Inc. $FISV Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,638 shares of the business services provider’s stock, valued at approximately $571,000.

Several other institutional investors also recently made changes to their positions in the stock. WFA of San Diego LLC acquired a new stake in Fiserv in the second quarter worth $55,000. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $25,000. Private Wealth Asset Management LLC bought a new position in shares of Fiserv during the fourth quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv in the 4th quarter worth about $27,000. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth about $27,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $51.38 on Friday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $140.19. The firm has a market cap of $27.32 billion, a P/E ratio of 9.86, a PEG ratio of 3.91 and a beta of 0.80. The stock has a fifty day moving average price of $51.36 and a two-hundred day moving average price of $55.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv’s revenue was down 4.1% on a year-over-year basis. Research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research note on Wednesday, May 6th. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 price objective (down from $62.00) on shares of Fiserv in a research report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 price objective on shares of Fiserv in a report on Friday, August 7th. Finally, Morgan Stanley set a $59.00 target price on Fiserv in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.20.

Insider Transactions at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by insiders.

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.