Fiserv, Inc. $FISV Stock Position Decreased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 95.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,407 shares of the business services provider’s stock after selling 153,801 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Fiserv were worth $966,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Fiserv by 13.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,972 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 241 shares during the period. OLD National Bancorp IN grew its stake in shares of Fiserv by 20.5% in the second quarter. OLD National Bancorp IN now owns 2,607 shares of the business services provider’s stock worth $449,000 after acquiring an additional 444 shares during the last quarter. Finally, Grimes & Company Inc. increased its position in Fiserv by 4.3% during the second quarter. Grimes & Company Inc. now owns 8,108 shares of the business services provider’s stock worth $1,398,000 after acquiring an additional 334 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 7.7%

Shares of 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. The stock has a market cap of $31.59 billion, a PE ratio of 8.98, a PEG ratio of 3.60 and a beta of 0.78. Fiserv, Inc. has a 1 year low of $57.79 and a 1 year high of $238.59. The stock has a 50 day simple moving average of $66.33 and a 200-day simple moving average of $99.87.

Analysts Set New Price Targets

A number of analysts have weighed in on FISV shares. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Stephens set a $75.00 price objective on shares of Fiserv in a research report on Friday, January 16th. Oppenheimer reissued an “outperform” rating and set a $91.00 target price on shares of Fiserv in a research report on Thursday, October 30th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Ten 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’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average price target of $113.34.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction dated 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 in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.75% of the company’s stock.

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.