Insigneo Advisory Services LLC Sells 1,612 Shares of Fiserv, Inc. $FISV

Insigneo Advisory Services LLC lowered its holdings in Fiserv, Inc. (NASDAQ:FISV) by 38.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,576 shares of the business services provider’s stock after selling 1,612 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Fiserv were worth $444,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Vise Technologies Inc. purchased a new stake in Fiserv in the second quarter worth about $2,320,000. Sowell Financial Services LLC increased its holdings in shares of Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 314 shares in the last quarter. Factory Mutual Insurance Co. increased its holdings in shares of Fiserv by 11.7% during 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 acquiring an additional 16,500 shares in the last quarter. Dillon & Associates Inc. raised its position in shares of Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC bought a new position in Fiserv in the 2nd quarter worth about $759,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FISV. Susquehanna reiterated a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $121.08.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Fiserv Trading Up 0.1%

Fiserv stock opened at $60.76 on Wednesday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company 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. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $101.28 and a two-hundred day simple moving average of $135.58.

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 company had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current 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.