Bank of Stockton boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 6.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,083 shares of the business services provider’s stock after acquiring an additional 955 shares during the quarter. Bank of Stockton’s holdings in Fiserv were worth $1,666,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Truewealth LLC lifted its position in 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 acquiring an additional 103 shares during the period. Cordasco Financial Network acquired a new stake in Fiserv during the 3rd quarter worth about $29,000. Financial Management Professionals Inc. acquired a new stake in Fiserv during the 3rd quarter worth about $31,000. Advantage Investment Management LLC lifted its position in Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after acquiring an additional 187 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after acquiring an additional 314 shares during the period.
Shares of FISV stock opened at $101.10 on Thursday. The stock has a market cap of $39.61 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. The business has a 50-day simple moving average of $104.61 and a 200-day simple moving average of $96.11. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $109.92.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Fiserv’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv Inc will post 3.72 earnings per share for the current fiscal year.
In related news, EVP Christopher M. Foskett sold 5,000 shares of Fiserv stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the transaction, the executive vice president now owns 140,248 shares in the company, valued at approximately $14,916,777.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.20, for a total value of $2,064,000.00. Following the completion of the transaction, the chairman now owns 330,629 shares of the company’s stock, valued at approximately $34,120,912.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,000 shares of company stock valued at $15,486,250. 1.40% of the stock is owned by company insiders.
A number of brokerages have commented on FISV. Berenberg Bank began coverage on Fiserv in a research report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price target for the company. Atlantic Securities began coverage on Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price objective for the company. UBS Group began coverage on Fiserv in a report on Monday, October 14th. They issued a “buy” rating and a $120.00 price objective for the company. Canaccord Genuity began coverage on Fiserv in a report on Thursday, September 12th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price objective for the company in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $106.07.
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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