Fiserv, Inc. $FISV Stake Increased by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 70.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,934 shares of the business services provider’s stock after acquiring an additional 8,632 shares during the quarter. MGO One Seven LLC’s holdings in Fiserv were worth $2,699,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in Fiserv during the 3rd quarter valued at about $28,000. True Wealth Design LLC lifted its position in Fiserv by 3,750.0% in the 3rd 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. Hager Investment Management Services LLC purchased a new stake in Fiserv in the 2nd quarter worth approximately $34,000. Clear Street LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 34,900 shares of company stock valued at $2,211,971 over the last three months. 0.75% of the stock is owned by company insiders.

Fiserv Trading Down 2.1%

Shares of NASDAQ FISV opened at $66.75 on Wednesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50 day moving average is $65.47 and its two-hundred day moving average is $110.92. The stock has a market capitalization of $36.28 billion, a P/E ratio of 10.32, a PEG ratio of 2.73 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.Fiserv’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. Fiserv has set its FY 2025 guidance at 8.500-8.600 EPS. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of recent research reports. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Argus reaffirmed a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus target price of $114.42.

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.