Thrivent Financial for Lutherans Lowers Position in Fiserv, Inc. $FISV

Thrivent Financial for Lutherans cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,764 shares of the business services provider’s stock after selling 23,419 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fiserv were worth $33,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FISV. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Fiserv during the 2nd quarter valued at $2,052,000. Monarch Capital Management Inc. lifted its position in Fiserv by 4.1% during the 2nd quarter. Monarch Capital Management Inc. now owns 30,320 shares of the business services provider’s stock valued at $5,227,000 after acquiring an additional 1,195 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Fiserv during the second quarter worth about $1,173,000. Cape Investment Advisory Inc. boosted its stake in Fiserv by 17.3% during the second quarter. Cape Investment Advisory Inc. now owns 5,616 shares of the business services provider’s stock worth $968,000 after acquiring an additional 827 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in Fiserv by 37.2% in the second quarter. Advisory Services Network LLC now owns 37,157 shares of the business services provider’s stock worth $6,406,000 after purchasing an additional 10,075 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price for the company. in a report on Friday, November 14th. UBS Group set a $75.00 price objective on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Jefferies Financial Group reduced their price target on Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a report on Monday, November 24th. Finally, Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.08.

Fiserv Stock Up 0.3%

FISV stock opened at $68.97 on Tuesday. The stock has a market capitalization of $37.49 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.65 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The business has a fifty day moving average price of $83.32 and a 200-day moving average price of $125.46.

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

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 34,900 shares of company stock worth $2,211,971 over the last three months. 1.00% of the stock is currently owned by company insiders.

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.