41,408 Shares in Fiserv, Inc. $FISV Acquired by Paralel Advisors LLC

Paralel Advisors LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,408 shares of the business services provider’s stock, valued at approximately $2,031,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the 4th quarter worth $27,000. Goodman Advisory Group LLC purchased a new stake in Fiserv in the 4th quarter worth about $27,000. Tripletail Wealth Management LLC bought a new stake in Fiserv in the 4th quarter valued at about $27,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Fiserv in the 4th quarter valued at about $29,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Susquehanna cut their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price objective (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.20.

Fiserv Price Performance

FISV stock opened at $53.00 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $28.18 billion, a PE ratio of 10.17, a PEG ratio of 3.99 and a beta of 0.80. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $138.62. The stock has a 50-day simple moving average of $52.22 and a two-hundred day simple moving average of $55.29.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Paul Todd purchased 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.06% of the company’s stock.

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.