Fiserv, Inc. $FISV Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,587 shares of the business services provider’s stock after selling 2,771 shares during the period. Cetera Investment Advisers’ holdings in Fiserv were worth $18,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Activest Wealth Management raised its position 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 in the last quarter. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc raised its holdings in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Fiserv by 960.9% during the 2nd 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 in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 shares were acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $123.25.

Fiserv Stock Performance

NASDAQ FISV opened at $61.34 on Wednesday. The company has a fifty day moving average of $108.57 and a two-hundred day moving average of $139.91. The company has a market capitalization of $33.34 billion, a PE ratio of 9.48, a P/E/G ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $60.95 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 1.09.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company 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.