Copperwynd Financial LLC Increases Stock Position in Fiserv, Inc. (NASDAQ:FISV)

Copperwynd Financial LLC increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 5.3% during the 1st quarter, HoldingsChannel reports. The fund owned 6,047 shares of the business services provider’s stock after buying an additional 302 shares during the period. Copperwynd Financial LLC’s holdings in Fiserv were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Riverview Trust Co purchased a new position in shares of Fiserv during the first quarter valued at approximately $29,000. Capital Advisors Ltd. LLC bought a new position in Fiserv during the 4th quarter valued at approximately $30,000. Advocacy Wealth Management Services LLC raised its stake in Fiserv by 100.0% during the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after buying an additional 147 shares during the last quarter. Trust Co. of Vermont bought a new stake in Fiserv in the fourth quarter worth $31,000. Finally, Missouri Trust & Investment Co purchased a new stake in shares of Fiserv in the fourth quarter worth $31,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

NASDAQ:FISV opened at $88.97 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $95.74 and its 200-day simple moving average is $99.61. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $119.86. The firm has a market cap of $58.01 billion, a P/E ratio of 34.75, a PEG ratio of 1.09 and a beta of 0.79.

Fiserv (NASDAQ:FISVGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fiserv had a net margin of 10.23% and a return on equity of 12.05%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. Fiserv’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts forecast that Fiserv, Inc. will post 6.48 EPS for the current fiscal year.

In other Fiserv news, Director Holdings L.P. Valueact bought 67,050 shares of the company’s stock in a transaction on Friday, May 6th. The stock was purchased at an average cost of $94.96 per share, for a total transaction of $6,367,068.00. Following the acquisition, the director now owns 13,214,826 shares of the company’s stock, valued at approximately $1,254,879,876.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 43,000 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $104.31, for a total transaction of $4,485,330.00. Following the transaction, the chief operating officer now owns 216,864 shares of the company’s stock, valued at $22,621,083.84. The disclosure for this sale can be found here. Insiders acquired a total of 1,404,234 shares of company stock worth $131,032,589 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

FISV has been the topic of several recent analyst reports. Loop Capital initiated coverage on shares of Fiserv in a research report on Monday, May 2nd. They set a “buy” rating and a $125.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research report on Wednesday, March 9th. StockNews.com began coverage on shares of Fiserv in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet raised shares of Fiserv from a “c+” rating to a “b” rating in a research report on Thursday, April 28th. Finally, Wells Fargo & Company assumed coverage on Fiserv in a report on Monday, April 4th. They issued an “overweight” rating and a $122.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $124.64.

Fiserv Profile (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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