Princeton Global Asset Management LLC lowered its holdings in Fiserv Inc (NASDAQ:FISV) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,450 shares of the business services provider’s stock after selling 100 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Fiserv were worth $1,078,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in shares of Fiserv by 11.2% in the 3rd quarter. Global Retirement Partners LLC now owns 913 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 92 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of Fiserv by 1.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,625 shares of the business services provider’s stock valued at $790,000 after buying an additional 100 shares in the last quarter. Truewealth LLC increased its stake in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Pinnacle Financial Partners Inc. increased its position in Fiserv by 3.3% during the third quarter. Pinnacle Financial Partners Inc. now owns 3,303 shares of the business services provider’s stock worth $342,000 after buying an additional 105 shares during the last quarter. Finally, Grandfield & Dodd LLC increased its holdings in shares of Fiserv by 1.6% during the 3rd quarter. Grandfield & Dodd LLC now owns 6,601 shares of the business services provider’s stock worth $684,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
A number of equities research analysts have recently weighed in on FISV shares. Oppenheimer lifted their target price on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Atlantic Securities initiated coverage on Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price on the stock. Robert W. Baird lifted their price target on shares of Fiserv from $112.00 to $122.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Citigroup raised Fiserv from a “neutral” rating to a “buy” rating in a report on Thursday, August 29th. Finally, UBS Group began coverage on shares of Fiserv in a research note on Monday, October 14th. They set a “buy” rating and a $120.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $108.24.
NASDAQ FISV traded up $0.14 during trading hours on Tuesday, hitting $114.42. 2,970,545 shares of the company’s stock traded hands, compared to its average volume of 4,447,861. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $117.04. The firm has a market capitalization of $79.03 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.42 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $109.27 and its two-hundred day moving average price is $100.87.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. On average, sell-side analysts expect that Fiserv Inc will post 4.01 EPS for the current fiscal year.
In related news, Director Harry Disimone purchased 900 shares of Fiserv stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $116.04 per share, for a total transaction of $104,436.00. Following the completion of the transaction, the director now directly owns 5,929 shares in the company, valued at approximately $688,001.16. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total value of $2,591,750.00. Following the completion of the transaction, the chief executive officer now directly owns 271,229 shares in the company, valued at approximately $28,118,310.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,000 shares of company stock worth $14,104,970. 1.40% of the stock is owned by insiders.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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