Fiserv Inc (FISV) Shares Bought by WESPAC Advisors LLC

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WESPAC Advisors LLC raised its stake in Fiserv Inc (NASDAQ:FISV) by 88.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,064 shares of the business services provider’s stock after acquiring an additional 2,845 shares during the period. WESPAC Advisors LLC’s holdings in Fiserv were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Fiserv by 7,194.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after buying an additional 10,203,585 shares during the period. Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter worth about $288,462,000. Mackenzie Financial Corp boosted its stake in shares of Fiserv by 78.5% during the fourth quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock worth $212,489,000 after buying an additional 1,271,171 shares during the period. BlackRock Inc. boosted its stake in shares of Fiserv by 2.9% during the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after buying an additional 898,122 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after buying an additional 845,558 shares during the period. Institutional investors own 88.83% of the company’s stock.

In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the transaction, the chief executive officer now directly owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the completion of the transaction, the insider now directly owns 441,112 shares of the company’s stock, valued at $37,428,353.20. The disclosure for this sale can be found here. Insiders have sold 157,912 shares of company stock valued at $13,389,571 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

NASDAQ FISV traded down $0.23 during trading hours on Friday, hitting $85.06. 3,588,577 shares of the stock were exchanged, compared to its average volume of 5,262,114. The stock has a market capitalization of $33.35 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.09 and a beta of 0.83. Fiserv Inc has a 12-month low of $68.43 and a 12-month high of $91.19. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. On average, equities research analysts expect that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

FISV has been the subject of several recent research reports. Edward Jones upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Buckingham Research initiated coverage on shares of Fiserv in a research note on Thursday, February 7th. They set a “buy” rating and a $100.00 target price for the company. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $73.00 target price on shares of Fiserv in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.29.

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About Fiserv

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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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