Mediolanum International Funds Ltd Has $966,000 Holdings in Fiserv, Inc. $FISV

Mediolanum International Funds Ltd cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 95.4% during the third quarter, Holdings Channel reports. The fund owned 7,407 shares of the business services provider’s stock after selling 153,801 shares during the period. Mediolanum International Funds Ltd’s holdings in Fiserv were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Sound Income Strategies LLC bought a new stake in shares of Fiserv during the third quarter worth $28,000. True Wealth Design LLC lifted its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Fiserv during the 2nd quarter worth about $34,000. Clear Street LLC bought a new stake in Fiserv during the 2nd quarter worth about $34,000. Finally, Westfuller Advisors LLC acquired a new stake in Fiserv in the 3rd quarter valued at about $36,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FISV. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Susquehanna restated a “positive” rating and issued a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Citigroup decreased their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price for the company. in a research note on Friday, November 14th. Finally, Stephens set a $75.00 target price on Fiserv in a research report on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $113.34.

Insider Buying and Selling

In other news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Down 7.7%

NASDAQ:FISV opened at $58.12 on Wednesday. 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 1-year low of $57.79 and a 1-year high of $238.59. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.60 and a beta of 0.78. The business’s 50-day moving average price is $66.33 and its two-hundred day moving average price is $99.87.

Fiserv Company 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.