Mission Wealth Management LP Decreases Stake in Fiserv, Inc. $FISV

Mission Wealth Management LP trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 52.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,619 shares of the business services provider’s stock after selling 10,714 shares during the quarter. Mission Wealth Management LP’s holdings in Fiserv were worth $1,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FISV. Norges Bank purchased a new stake in Fiserv during the 2nd quarter worth approximately $1,252,260,000. Marshall Wace LLP acquired a new stake in shares of Fiserv during the second quarter worth approximately $356,643,000. Worldquant Millennium Advisors LLC increased its stake in shares of Fiserv by 2,134.9% in the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after buying an additional 948,634 shares during the last quarter. Baupost Group LLC MA bought a new stake in shares of Fiserv in the second quarter worth $154,307,000. Finally, Amundi raised its holdings in Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after acquiring an additional 807,916 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 2.8%

NASDAQ:FISV opened at $59.72 on Thursday. The firm has a market capitalization of $32.46 billion, a P/E ratio of 9.23, a P/E/G ratio of 3.33 and a beta of 0.78. The business has a 50 day simple moving average of $66.31 and a 200 day simple moving average of $99.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 12-month low of $57.79 and a 12-month high of $238.59.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction 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 purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FISV. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Northcoast Research lowered Fiserv from a “buy” rating to a “neutral” rating in a report on Monday. Citigroup cut their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price for the company. in a research report on Friday, November 14th. Finally, KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Ten equities 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.34.

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.