Vise Technologies Inc. Makes New Investment in Fiserv, Inc. $FI

Vise Technologies Inc. purchased a new position in Fiserv, Inc. (NYSE:FI) in the second quarter, HoldingsChannel.com reports. The fund purchased 13,454 shares of the business services provider’s stock, valued at approximately $2,320,000.

Other large investors have also made changes to their positions in the company. Activest Wealth Management raised its stake in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the second quarter worth about $34,000. Christopher J. Hasenberg Inc grew its holdings in shares of Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Fiserv by 960.9% during the second 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.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% 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. Insiders own 0.74% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $63.79 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a 1-year low of $60.95 and a 1-year high of $238.59. The company has a market capitalization of $34.31 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.56 and a beta of 0.90. The business has a 50-day moving average of $117.30 and a 200-day moving average of $144.94.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. On average, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research lowered shares of Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $127.28.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.