Princeton Global Asset Management LLC lowered its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.
Several other large investors have also added to or reduced their stakes in FISV. Truewealth LLC raised its position in shares of Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after buying an additional 103 shares during the last quarter. Cordasco Financial Network bought a new stake in Fiserv in the 3rd quarter valued at $29,000. Financial Management Professionals Inc. bought a new stake in Fiserv in the 3rd quarter valued at $31,000. Advantage Investment Management LLC lifted its stake in Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new stake in Fiserv in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.
In other Fiserv news, Director Harry Disimone purchased 900 shares of Fiserv stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $116.04 per share, for a total transaction of $104,436.00. Following the completion of the acquisition, the director now owns 5,929 shares in the company, valued at approximately $688,001.16. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 140,248 shares in the company, valued at $14,916,777.28. The disclosure for this sale can be found here. In the last three months, insiders sold 128,000 shares of company stock worth $14,104,970. Insiders own 1.40% of the company’s stock.
Shares of NASDAQ FISV traded up $0.14 during trading hours on Tuesday, hitting $114.42. 2,970,545 shares of the company traded hands, compared to its average volume of 4,447,861. The company’s 50 day moving average price is $109.27 and its 200 day moving average price is $100.87. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $117.04. The stock has a market capitalization of $79.03 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth 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.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. Fiserv’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Equities analysts anticipate that Fiserv Inc will post 4.01 EPS for the current year.
FISV has been the subject of a number of research analyst reports. BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. ValuEngine downgraded Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks increased their price target on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. assumed coverage on Fiserv in a report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price target for the company. Finally, Oppenheimer lifted their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research 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 company. Fiserv has an average rating of “Buy” and a consensus price target of $108.24.
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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