Fiserv, Inc. $FISV Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 52.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Sound Income Strategies LLC acquired a new position in Fiserv in the 3rd quarter valued at $28,000. True Wealth Design LLC grew its position in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter valued at $34,000. Clear Street LLC purchased a new position in Fiserv during the second quarter worth about $34,000. Finally, Westfuller Advisors LLC purchased a new position in Fiserv during the third quarter worth about $36,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Fiserv to a “hold” rating in a research note on Tuesday, January 27th. BTIG Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Jefferies Financial Group increased their price target on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. BNP Paribas Exane lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Wednesday, November 5th. Finally, Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.34.

Insider Activity

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 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 of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer 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. 1.00% of the stock is owned by corporate insiders.

Fiserv Stock Up 2.8%

Shares of Fiserv stock opened at $59.72 on Thursday. Fiserv, Inc. has a twelve month low of $57.79 and a twelve month high of $238.59. The stock has a market cap of $32.46 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average price of $66.31 and a 200 day moving average price of $99.59.

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.