Liberty Wealth Management LLC acquired a new stake in Fiserv Inc (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 344 shares of the business services provider’s stock, valued at approximately $36,000.
Several other institutional investors have also added to or reduced their stakes in FISV. Sheaff Brock Investment Advisors LLC grew its holdings in Fiserv by 1.3% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,625 shares of the business services provider’s stock worth $790,000 after acquiring an additional 100 shares during the period. Truewealth LLC boosted its position in shares of Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares during the period. Pinnacle Financial Partners Inc. boosted its position in shares of Fiserv by 3.3% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,303 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 105 shares during the period. Grandfield & Dodd LLC boosted its position in shares of Fiserv by 1.6% in the 3rd quarter. Grandfield & Dodd LLC now owns 6,601 shares of the business services provider’s stock valued at $684,000 after purchasing an additional 105 shares during the period. Finally, Dowling & Yahnke LLC boosted its position in shares of Fiserv by 0.6% in the 3rd quarter. Dowling & Yahnke LLC now owns 16,846 shares of the business services provider’s stock valued at $1,745,000 after purchasing an additional 106 shares during the period.
In related news, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the sale, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Guy Chiarello sold 46,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the sale, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,000 shares of company stock valued at $13,422,250. Corporate insiders own 1.40% of the company’s stock.
A number of equities analysts recently weighed in on FISV shares. Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and increased their price target for the company from $100.00 to $120.00 in a research report on Tuesday, July 30th. Oppenheimer raised their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price objective on Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup upgraded Fiserv from a “neutral” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada set a $106.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $107.85.
Fiserv stock traded up $0.96 on Friday, reaching $110.61. The company’s stock had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $111.46. The business’s fifty day moving average price is $104.63 and its 200 day moving average price is $97.58. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. As a group, equities analysts forecast that Fiserv Inc will post 4.03 earnings per share for the current year.
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; Internet and 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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