Insider Buying: Fiserv (NASDAQ:FISV) Insider Acquires 7,900 Shares of Stock

Fiserv, Inc. (NASDAQ:FISV) insider Adam Rosman purchased 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was bought 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 position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fiserv Price Performance

NASDAQ:FISV traded up $0.55 during midday trading on Tuesday, hitting $63.24. 7,004,640 shares of the stock were exchanged, compared to its average volume of 9,595,549. The company has a market capitalization of $34.38 billion, a price-to-earnings ratio of 6.84, a P/E/G ratio of 2.41 and a beta of 0.80. 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 one year low of $59.56 and a one year high of $238.59. The business has a 50-day moving average price of $95.61 and a two-hundred day moving average price of $132.20.

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

Analyst Ratings Changes

FISV has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fiserv in a research report on Monday. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Susquehanna restated a “positive” rating and issued a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Finally, Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a research report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.08.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after purchasing an additional 535,407 shares in the last quarter. Capital World Investors grew its stake in shares of Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Nuveen LLC acquired a new position in Fiserv in the first quarter worth approximately $1,722,584,000. Finally, Norges Bank acquired a new stake in Fiserv in the second quarter valued at approximately $1,252,260,000. 90.98% of the stock is owned by institutional investors and hedge funds.

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.