Fiserv, Inc. $FISV Shares Acquired by FUKOKU MUTUAL LIFE INSURANCE Co

Key Points

• FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Fiserv by 236.6% in Q2, buying an additional 5,649 shares to hold 8,037 shares valued at about $1.386 million.
• Lance M. Fritz, a Fiserv director, purchased 10,000 shares at an average price of $65.18, boosting his holding to 13,086 shares (a 324% increase).
• Analysts' consensus is a Hold rating with an average price target of $123.25, while Fiserv trades around $61.17 (1-year low $60.38), with a market cap of $33.25 billion and a P/E of 9.45.

FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) by 236.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,037 shares of the business services provider's stock after buying an additional 5,649 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Fiserv were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Activest Wealth Management increased its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider's stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc grew its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider's stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC increased 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 purchasing an additional 221 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.3%

Fiserv stock opened at $61.17 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. Fiserv, Inc. has a 1 year low of $60.38 and a 1 year high of $238.59. The firm's 50-day moving average is $107.15 and its 200-day moving average is $139.36. The company has a market cap of $33.25 billion, a P/E ratio of 9.45, a PEG ratio of 0.56 and a beta of 0.90.

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

Analyst Ratings Changes

Several research firms have recently commented on FISV. Truist Financial cut Fiserv from a "buy" rating to a "hold" rating and reduced their target price for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Fiserv in a research note on Wednesday, October 8th. UBS Group set a $75.00 target price on shares of Fiserv and gave the stock a "neutral" rating in a research report on Thursday, October 30th. BNP Paribas Exane reaffirmed a "neutral" rating and set a $62.00 price target on shares of Fiserv in a research report on Wednesday, November 5th. Finally, Compass Point lowered Fiserv from a "strong-buy" rating to a "neutral" rating and set a $127.50 price objective for the company. in a report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $123.25.

Insider Buying and Selling at Fiserv

In related news, 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 acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

Fiserv 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.

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