2,190 Shares in Fiserv Inc (FISV) Acquired by KCS Wealth Advisory

KCS Wealth Advisory purchased a new stake in Fiserv Inc (NASDAQ:FISV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,190 shares of the business services provider’s stock, valued at approximately $287,000.

A number of other institutional investors have also made changes to their positions in the business. Roberts Glore & Co. Inc. IL increased its holdings in Fiserv by 0.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after buying an additional 20 shares during the period. Dana Investment Advisors Inc. increased its holdings in Fiserv by 1.0% in the 2nd quarter. Dana Investment Advisors Inc. now owns 14,137 shares of the business services provider’s stock valued at $1,730,000 after buying an additional 144 shares during the period. Suntrust Banks Inc. increased its holdings in Fiserv by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 9,061 shares of the business services provider’s stock valued at $1,108,000 after buying an additional 331 shares during the period. WFG Advisors LP boosted its stake in shares of Fiserv by 9.4% in the 2nd quarter. WFG Advisors LP now owns 4,292 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 367 shares in the last quarter. Finally, Dempze Nancy E boosted its stake in shares of Fiserv by 2.9% in the 3rd quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock valued at $1,852,000 after purchasing an additional 401 shares in the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on FISV shares. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Royal Bank of Canada restated a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research note on Sunday, October 8th. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Finally, Barclays restated a “hold” rating and issued a $141.00 target price on shares of Fiserv in a research note on Friday, January 5th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and an average target price of $132.78.

Fiserv Inc (FISV) opened at $137.22 on Friday. The stock has a market cap of $28,596.51, a PE ratio of 28.18, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv Inc has a 52-week low of $104.51 and a 52-week high of $138.07.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. analysts forecast that Fiserv Inc will post 5.08 earnings per share for the current year.

In related news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,439 shares of company stock worth $6,412,063. 1.80% of the stock is owned by corporate insiders.

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Fiserv Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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