Element Capital Management LLC Acquires New Position in Fiserv (NASDAQ:FISV)

Element Capital Management LLC purchased a new stake in Fiserv (NASDAQ:FISV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 328,533 shares of the business services provider’s stock, valued at approximately $43,081,000. Element Capital Management LLC owned approximately 0.16% of Fiserv as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of Fiserv by 3.2% in the fourth quarter. Huntington National Bank now owns 226,079 shares of the business services provider’s stock valued at $29,646,000 after buying an additional 6,947 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Fiserv in the third quarter valued at $1,290,000. Eqis Capital Management Inc. increased its stake in shares of Fiserv by 5.4% in the fourth quarter. Eqis Capital Management Inc. now owns 16,509 shares of the business services provider’s stock valued at $2,165,000 after buying an additional 843 shares in the last quarter. American National Bank boosted its holdings in Fiserv by 2.8% in the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock valued at $5,356,000 after acquiring an additional 1,115 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its holdings 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 acquiring an additional 500 shares during the last quarter. 89.46% of the stock is owned by hedge funds and other institutional investors.

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FISV has been the topic of several recent research reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $63.00 price target on shares of Fiserv in a report on Wednesday, February 7th. Barclays restated a “hold” rating and set a $70.50 target price on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, February 13th. Credit Suisse Group raised their price target on Fiserv from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, ValuEngine lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $70.83.

Shares of NASDAQ:FISV traded down $1.40 during trading on Friday, reaching $69.84. 1,414,425 shares of the company traded hands, compared to its average volume of 2,050,016. The company has a market cap of $29,437.49, a price-to-earnings ratio of 27.28, a PEG ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.02 and a current ratio of 1.02. Fiserv has a 52 week low of $57.56 and a 52 week high of $74.46.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts predict that Fiserv will post 3.11 EPS for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $141.57, for a total transaction of $2,406,690.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 34,000 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $73.43, for a total value of $2,496,620.00. The disclosure for this sale can be found here. Insiders sold a total of 80,160 shares of company stock worth $8,993,842 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

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Fiserv Profile

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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