Swedbank AB Buys 253,176 Shares of Fiserv, Inc. $FISV

Swedbank AB lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 15.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,841,923 shares of the business services provider’s stock after acquiring an additional 253,176 shares during the period. Swedbank AB’s holdings in Fiserv were worth $237,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Fiserv in the 3rd quarter worth approximately $28,000. Activest Wealth Management raised its stake in shares of Fiserv by 3,150.0% in the first 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 in the last quarter. Hager Investment Management Services LLC bought a new position in Fiserv in the second quarter worth $34,000. Clear Street LLC bought a new position in Fiserv in the second quarter worth $34,000. Finally, Christopher J. Hasenberg Inc boosted its stake in 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. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and issued a $180.00 price objective on shares of Fiserv in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Citigroup lowered 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. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 target price on shares of Fiserv in a report on Thursday, December 4th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $119.58.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought 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 in the company, valued at $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 34,900 shares of company stock worth $2,211,971. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $67.72 on Wednesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a 50 day moving average of $76.52 and a 200-day moving average of $121.41. 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 firm has a market cap of $36.81 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.64 and a beta of 0.80.

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

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.