Cetera Advisor Networks LLC raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 99.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,012 shares of the company’s stock after buying an additional 1,996 shares during the period. Cetera Advisor Networks LLC’s holdings in Fiserv were worth $399,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FISV. TLP Group LLC acquired a new position in Fiserv during the third quarter valued at about $124,000. Fuller & Thaler Asset Management Inc. boosted its position in Fiserv by 35.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock valued at $189,000 after buying an additional 500 shares during the last quarter. Laurion Capital Management LP acquired a new position in Fiserv during the third quarter valued at about $223,000. Ropes Wealth Advisors LLC boosted its position in Fiserv by 64.0% in the third quarter. Ropes Wealth Advisors LLC now owns 2,301 shares of the company’s stock valued at $229,000 after buying an additional 898 shares during the last quarter. Finally, First Financial Bank N.A. Trust Division boosted its position in Fiserv by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 2,436 shares of the company’s stock valued at $242,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 86.59% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded down 0.37% during mid-day trading on Friday, reaching $109.07. The company’s stock had a trading volume of 1,226,602 shares. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $111.51. The firm’s 50 day moving average is $108.18 and its 200-day moving average is $104.02. The company has a market capitalization of $23.67 billion, a PE ratio of 27.36 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.16. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post $5.09 EPS for the current year.
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Several research analysts have issued reports on the company. Northcoast Research reiterated a “neutral” rating on shares of Fiserv in a research report on Thursday. BMO Capital Markets assumed coverage on Fiserv in a research report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price objective for the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Monness Crespi & Hardt raised their price target on Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, January 9th. Finally, William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $109.29.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $102.45, for a total value of $1,229,400.00. Following the sale, the insider now owns 302,194 shares of the company’s stock, valued at approximately $30,959,775.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin P. Gregoire sold 8,992 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $105.10, for a total value of $945,059.20. The disclosure for this sale can be found here. Insiders sold a total of 32,992 shares of company stock worth $3,479,099 in the last three months. Company insiders own 1.90% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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