Fiserv, Inc. (NASDAQ:FISV) is on recovery track with 32.7% gain from a 1-year low price of $68.45. The company added 0.71% to attain the price of $90.83 on 6/27/2019. Throughout the recent session, the prices were hovering between $90.14 and $92.2. These shares are 8.61% off its target price of $98.65 and the current market capitalization stands at $35.73B. The recent change has given its price a 4% lead over SMA 50 and -1.58% deficit over its 52-week high. The stock witnessed 4.63% gains, 3.47% gains and 26.31% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FISV’s volatility during a week at 1.6% and during a month it has been found around 1.98%.
What Does Fiserv, Inc. (FISV) Do?
The company describes itself in regulatory filings as, “Fiserv, Inc. engages in the provision of financial services technology. It operates through the Payments & Industry Products and Financial Institution Services segments. The Payments and Industry Products segment offers financial institutions and other companies with the products and services required to process electronic payment transactions. The Financial Institution Services segment comprises banks, thrifts, and credit unions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Brookfield, WI.” [Text can be found here: https://www.marketwatch.com/investing/stock/FISV/profile under company description.]Fiserv, Inc. (FISV) Top Holders
Institutional investors currently hold around $36.34 billion or 91.12% in FISV stock. Look at its top three institutional owners: Price T Rowe Associates Inc /Md/ owns $4.26 billion in Fiserv, Inc., which represents roughly 11.92% of the company’s market cap and approximately 11.72% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 42,562,494 shares of the stock are valued at $3.84 billion. The third largest holder is Blackrock Inc., which currently holds $2.85 billion worth of this stock and that ownership represents nearly 7.98% of its market capitalization.Fiserv, Inc. 13F Filings
At the end of March reporting period, 445 institutional holders increased their position in Fiserv, Inc. (NASDAQ:FISV) by some 72,747,029 shares, 449 decreased positions by 18,601,341 and 137 held positions by 311,556,288. That puts total institutional holdings at 402,904,658 shares, according to SEC filings. The stock grabbed 138 new institutional investments totaling 26,756,346 shares while 57 institutional investors sold out their entire positions totaling 884,489 shares.Fiserv, Inc. (NASDAQ:FISV) Insider Trades
Multiple company employees have indulged in significant insider trading. Fiserv, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO YABUKI JEFFERY W has sold 20,000 shares of Fiserv, Inc. (FISV) in the trading session dated Jun. 19, 2019. These shares are worth $1,784,600 and were traded at $89.23 each. The SEC filing shows that YABUKI JEFFERY W performed a sale of 2,000 shares. The President and CEO disposed these shares by way of transaction on May. 21, 2019. The company’s shares were given away at $88.95 per share worth to an income of some $177,900 to the account of YABUKI JEFFERY W.
President and CEO, YABUKI JEFFERY W, sold 20,000 common shares of Fiserv, Inc. (FISV) in the open market. In a transaction dated May. 15, 2019, the shares were put up for sale at an average price of $85.49, raking in a sum of $1,709,800. After this sale, 721,779 common shares of FISV are directly owned by the insider, with total stake valued at $65,559,187.
In the transaction dated Apr. 17, 2019, a great number of shares sold came courtesy the President and CEO; YABUKI JEFFERY W disposed a total of 20,000 shares at an average price of $85.21, amounting to approximately $1,704,200. The insider now directly owns 741,496 shares worth $67,350,082.Fiserv, Inc. (FISV) Analyst Guide
Several analysts have released their opinion on Fiserv, Inc. (NASDAQ:FISV), with 11 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.74 average brokerage recommendation [T1].