Cox Capital Mgt LLC raised its position in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 158.5% in the third quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC raised its holdings in shares of Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 195 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Fiserv by 10.4% during the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after purchasing an additional 215 shares during the last quarter. Cambient Family Office LLC grew its stake in shares of Fiserv by 1.7% during the first quarter. Cambient Family Office LLC now owns 17,096 shares of the business services provider’s stock worth $954,000 after purchasing an additional 291 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Fiserv by 5.7% during the second quarter. Wedbush Securities Inc. now owns 5,394 shares of the business services provider’s stock worth $265,000 after purchasing an additional 293 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Fiserv by 10.8% in the first quarter. Whittier Trust Co. now owns 3,757 shares of the business services provider’s stock valued at $212,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $53.00 price target on shares of Fiserv in a research note on Monday, August 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a research report on Friday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Susquehanna decreased their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $73.70.
Fiserv Stock Performance
Shares of FISV traded down $0.17 during midday trading on Wednesday, reaching $45.31. 4,754,426 shares of the stock were exchanged, compared to its average volume of 7,671,466. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 4.60 and a beta of 0.80. The business’s 50-day moving average price is $50.52 and its 200 day moving average price is $53.21.
Fiserv (NASDAQ:FISV – Get Free Report) last announced 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 firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Lance Fritz acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
Fiserv Company 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.
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