Neo Ivy Capital Management Invests $963,000 in Fiserv, Inc. $FISV

Neo Ivy Capital Management acquired a new position in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,588 shares of the business services provider’s stock, valued at approximately $963,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its holdings 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 during the period. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc raised its position 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 valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Saudi Central Bank bought a new stake in shares of Fiserv in the first quarter valued at about $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $60.84 on Friday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a 50 day moving average of $104.16 and a 200-day moving average of $137.95. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The firm has a market cap of $33.07 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results 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 business had revenue of $4.32 billion for the quarter. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FISV has been the topic of several research reports. Susquehanna restated a “positive” rating and set a $99.00 price target (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Seaport Res Ptn lowered Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. BNP Paribas Exane restated a “neutral” rating and set a $62.00 price objective on shares of Fiserv in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Finally, UBS Group set a $75.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.25.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

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.