Fiserv, Inc. $FISV Shares Sold by Ossiam

Key Points

• Ossiam cut its stake in Fiserv by 35.6% in Q2, selling 126,375 shares and ending the period with 228,934 shares valued at about $39.47 million.
• Company insiders have been buying recently — Director Lance M. Fritz purchased 10,000 shares at $65.18 and Adam L. Rosman bought 7,900 shares at $63.19, with insiders acquiring 34,900 shares (~$2.21M) over the last 90 days.
• Wall Street currently has a consensus "Hold" on Fiserv with an average price target of $121.08, while the stock trades near about $66 and remains far below its 52‑week high of $238.59.

Ossiam lowered its stake in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 35.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 228,934 shares of the business services provider's stock after selling 126,375 shares during the period. Ossiam's holdings in Fiserv were worth $39,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FISV. Activest Wealth Management increased its stake 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 buying an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $34,000. Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% during 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 period. Finally, Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider's stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FISV has been the topic of a number of analyst reports. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an "outperform" rating in a report on Friday, October 10th. Wolfe Research restated a "peer perform" rating on shares of Fiserv in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a report on Thursday, October 16th. Mizuho set a $145.00 price objective on Fiserv and gave the stock an "outperform" rating in a research report on Tuesday, October 28th. Finally, Seaport Res Ptn lowered shares of Fiserv from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $121.08.

Insider Activity

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company's stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 34,900 shares of company stock worth $2,211,971 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Up 0.3%

Fiserv stock opened at $66.28 on Monday. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The stock's fifty day moving average is $90.51 and its two-hundred day moving average is $129.37.

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

About Fiserv

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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