17,805 Shares in Fiserv, Inc. $FISV Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The firm purchased 17,805 shares of the business services provider’s stock, valued at approximately $873,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Fiserv during the fourth quarter worth $3,507,063,000. Dodge & Cox bought a new stake in shares of Fiserv during the fourth quarter worth about $3,323,210,000. BlackRock Inc. bought a new stake in Fiserv during the 2nd quarter worth approximately $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv in the fourth quarter worth $1,588,663,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $854,215,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd purchased 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by insiders.

Fiserv Stock Down 1.3%

Fiserv stock opened at $51.38 on Friday. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 3.91 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $140.19. The firm’s fifty day moving average price is $51.36 and its two-hundred day moving average price is $55.87.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.Fiserv’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FISV. Barclays set a $52.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, Susquehanna cut their price target on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average target price of $74.20.

About Fiserv

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.