Fieldpoint Private Securities LLC decreased its position in Fiserv (NASDAQ:FISV) by 47.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,595 shares of the business services provider’s stock after selling 1,455 shares during the period. Fieldpoint Private Securities LLC’s holdings in Fiserv were worth $209,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in Fiserv by 6.8% in the third quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock valued at $835,000 after acquiring an additional 411 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in Fiserv by 1.0% in the fourth quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock valued at $6,326,000 after buying an additional 475 shares during the period. Peddock Capital Advisors LLC lifted its stake in Fiserv by 3.5% in the third quarter. Peddock Capital Advisors LLC now owns 14,153 shares of the business services provider’s stock valued at $1,825,000 after buying an additional 480 shares during the period. Eagle Asset Management Inc. lifted its stake in Fiserv by 0.9% in the fourth quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock valued at $6,909,000 after buying an additional 485 shares during the period. Finally, New Mexico Educational Retirement Board lifted its stake in Fiserv by 2.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock valued at $2,656,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.
In other Fiserv news, Director Harry Disimone purchased 353 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average price of $141.59 per share, with a total value of $49,981.27. Following the completion of the transaction, the director now directly owns 154 shares in the company, valued at approximately $21,804.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,160 shares of company stock worth $8,727,282. 1.80% of the stock is currently owned by insiders.
FISV has been the topic of several analyst reports. Citigroup increased their target price on Fiserv from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Credit Suisse Group increased their target price on Fiserv from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Tuesday, February 13th. Barclays reissued a “hold” rating and issued a $70.50 target price on shares of Fiserv in a research note on Friday, January 5th. Finally, BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and a consensus price target of $70.37.
Shares of Fiserv (FISV) opened at $74.74 on Tuesday. The company has a market capitalization of $30,668.88, a PE ratio of 25.39, a PEG ratio of 2.07 and a beta of 0.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv has a 1 year low of $56.65 and a 1 year high of $74.74.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. Fiserv’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. research analysts forecast that Fiserv will post 6.23 EPS for the current year.
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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; 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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