Signature Estate & Investment Advisors LLC Purchases 10,057 Shares of Fiserv Inc (NASDAQ:FISV)

Signature Estate & Investment Advisors LLC boosted its position in Fiserv Inc (NASDAQ:FISV) by 3.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 273,162 shares of the business services provider’s stock after purchasing an additional 10,057 shares during the period. Fiserv comprises 1.9% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Signature Estate & Investment Advisors LLC owned approximately 0.07% of Fiserv worth $24,901,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its position in shares of Fiserv by 41.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,050 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 600 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Fiserv by 6.4% during the 2nd quarter. Stephens Investment Management Group LLC now owns 64,064 shares of the business services provider’s stock valued at $5,840,000 after acquiring an additional 3,857 shares during the period. Stephens Inc. AR grew its position in shares of Fiserv by 57.3% during the 2nd quarter. Stephens Inc. AR now owns 14,287 shares of the business services provider’s stock valued at $1,302,000 after acquiring an additional 5,204 shares during the period. TRUE Private Wealth Advisors bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $131,000. Finally, Barbara Oil Co. grew its position in shares of Fiserv by 300.0% during the 2nd quarter. Barbara Oil Co. now owns 12,000 shares of the business services provider’s stock valued at $1,094,000 after acquiring an additional 9,000 shares during the period. 87.39% of the stock is owned by hedge funds and other institutional investors.

NASDAQ FISV traded up $1.90 on Thursday, hitting $104.30. The stock had a trading volume of 270,380 shares, compared to its average volume of 8,282,905. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $107.06. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a market capitalization of $40.95 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The business has a 50-day moving average of $97.93.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts expect that Fiserv Inc will post 3.76 EPS for the current year.

A number of research analysts have recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 target price for the company. Wells Fargo & Co assumed coverage on shares of Fiserv in a research report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 target price for the company. Wedbush increased their target price on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Fiserv has a consensus rating of “Buy” and a consensus price target of $97.88.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the sale, the insider now owns 371,429 shares in the company, valued at approximately $33,038,609.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the sale, the chairman now owns 330,629 shares in the company, valued at approximately $34,120,912.80. The disclosure for this sale can be found here. Insiders sold a total of 62,000 shares of company stock worth $5,911,500 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Fiserv 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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