Fiserv, Inc. $FISV Shares Purchased by Cox Capital Mgt LLC

Cox Capital Mgt LLC boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 158.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,957 shares of the business services provider’s stock after buying an additional 11,624 shares during the period. Cox Capital Mgt LLC’s holdings in Fiserv were worth $856,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FISV. Goodman Advisory Group LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Reflection Asset Management purchased a new position in shares of Fiserv in the fourth quarter worth about $36,000. Keating Financial Advisory Services Inc. acquired a new position in Fiserv during the second quarter worth about $30,000. Osterweis Capital Management Inc. purchased a new stake in Fiserv during the 2nd quarter valued at about $32,000. Finally, Bank of New Hampshire purchased a new stake in Fiserv during the 4th quarter valued at about $46,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.4%

Shares of FISV stock traded down $0.17 during trading on Wednesday, reaching $45.31. The company’s stock had a trading volume of 4,754,426 shares, compared to its average volume of 7,671,466. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $128.78. The stock’s 50-day moving average price is $50.52 and its 200 day moving average price is $53.21. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 4.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s revenue was down 4.1% on a year-over-year basis. On average, research analysts anticipate that Fiserv, Inc. will post 7.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Susquehanna decreased their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Citigroup reaffirmed a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Finally, TD Cowen reissued a “hold” rating and issued a $55.00 target price on shares of Fiserv in a research report on Thursday, September 3rd. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.70.

Insider Activity

In related news, Director Lance Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.