Fiserv, Inc. $FISV Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,506 shares of the business services provider’s stock after buying an additional 18,250 shares during the period. Venturi Wealth Management LLC’s holdings in Fiserv were worth $11,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC increased its stake in shares of Fiserv by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares in the last quarter. Abacus Wealth Partners LLC boosted its holdings in Fiserv by 1.6% in the 2nd quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after buying an additional 72 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Fiserv by 2.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 77 shares during the last quarter. Central Bank & Trust Co. lifted its position in shares of Fiserv by 1.9% in the second quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock valued at $715,000 after acquiring an additional 78 shares in the last quarter. Finally, Quadcap Wealth Management LLC boosted 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. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 34,900 shares of company stock worth $2,211,971. Insiders own 1.00% of the company’s stock.

Fiserv Stock Down 0.0%

Shares of NASDAQ FISV opened at $68.75 on Thursday. The company has a market capitalization of $37.37 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.76 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day simple moving average of $65.20 and a 200-day simple moving average of $114.23. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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 during the quarter. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a research note on Friday, November 14th. Tigress Financial set a $95.00 target price on shares of Fiserv and gave the company a “buy” rating in a research report on Wednesday, December 31st. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective for the company. in a report on Wednesday, October 29th. Finally, Mizuho lowered their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.42.

Fiserv Profile

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.