Ironwood Investment Counsel LLC Buys 9,887 Shares of Fiserv, Inc. $FISV

Ironwood Investment Counsel LLC boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 21.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,094 shares of the business services provider’s stock after purchasing an additional 9,887 shares during the quarter. Fiserv comprises 1.0% of Ironwood Investment Counsel LLC’s holdings, making the stock its 24th largest position. Ironwood Investment Counsel LLC’s holdings in Fiserv were worth $7,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Sound Income Strategies LLC bought a new position in Fiserv during the 3rd quarter valued at about $28,000. True Wealth Design LLC increased its holdings in shares of Fiserv by 3,750.0% during the third 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. Clear Street LLC bought a new position in shares of Fiserv in the second quarter valued at approximately $34,000. Westfuller Advisors LLC acquired a new position in shares of Fiserv in the 3rd quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC grew its position in Fiserv by 960.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Adam L. Rosman bought 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by insiders.

Fiserv Price Performance

Shares of FISV stock opened at $60.00 on Friday. The firm’s 50 day moving average price is $66.23 and its two-hundred day moving average price is $98.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a 52-week low of $57.79 and a 52-week high of $238.59. The stock has a market cap of $32.62 billion, a PE ratio of 9.27, a PEG ratio of 3.35 and a beta of 0.78.

Wall Street Analyst Weigh In

FISV has been the subject of several research analyst reports. UBS Group set a $75.00 price objective on Fiserv and gave the company a “neutral” rating in a research report on Thursday, October 30th. Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Tigress Financial set a $95.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Finally, KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.34.

About Fiserv

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.