33,610 Shares in Fiserv, Inc. $FISV Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, HoldingsChannel.com reports. The firm bought 33,610 shares of the business services provider’s stock, valued at approximately $5,795,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Fiserv by 1.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 67,476 shares of the business services provider’s stock valued at $11,634,000 after purchasing an additional 1,088 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of Fiserv by 14,620.5% during the second quarter. Laurel Wealth Advisors LLC now owns 100,688 shares of the business services provider’s stock worth $17,360,000 after buying an additional 100,004 shares during the last quarter. Aviso Financial Inc. boosted its position in shares of Fiserv by 41.1% in the second quarter. Aviso Financial Inc. now owns 15,224 shares of the business services provider’s stock valued at $2,625,000 after acquiring an additional 4,432 shares during the period. Quadcap Wealth Management LLC grew its stake in shares of Fiserv by 2.1% in the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after acquiring an additional 79 shares during the last quarter. Finally, Act Two Investors LLC increased its position in Fiserv by 71.1% during the second quarter. Act Two Investors LLC now owns 142,177 shares of the business services provider’s stock worth $24,513,000 after acquiring an additional 59,058 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of research reports. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $121.08.

Insider Buying and Selling at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Fiserv Trading Up 0.1%

FISV stock opened at $60.76 on Wednesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $101.28 and its 200-day moving average is $135.58. The firm has a market cap of $33.03 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.