Fiserv, Inc. $FISV Stock Holdings Lifted by Swedbank AB

Swedbank AB increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 15.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,841,923 shares of the business services provider’s stock after acquiring an additional 253,176 shares during the quarter. Swedbank AB owned 0.34% of Fiserv worth $237,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Fiserv in the third quarter valued at $28,000. Activest Wealth Management raised its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the 2nd quarter worth about $34,000. Clear Street LLC purchased a new stake in Fiserv in the 2nd quarter worth about $34,000. Finally, Christopher J. Hasenberg Inc boosted its position in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research report on Thursday, December 4th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. TD Cowen lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. UBS Group set a $75.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus price target of $119.58.

Insider Activity

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at $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. Over the last ninety days, insiders have acquired 34,900 shares of company stock valued at $2,211,971. 0.75% of the stock is owned by insiders.

Fiserv Trading Down 1.3%

NASDAQ:FISV opened at $67.72 on Wednesday. The company’s 50 day moving average is $76.52 and its 200-day moving average is $121.41. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The firm has a market cap of $36.81 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 2.64 and a beta of 0.80.

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

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.