PFG Advisors raised its stake in Fiserv Inc (NASDAQ:FISV) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 21,174 shares of the business services provider’s stock after acquiring an additional 380 shares during the period. PFG Advisors’ holdings in Fiserv were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of FISV. Bremer Bank National Association bought a new stake in Fiserv in the 1st quarter valued at $25,000. Advantage Investment Management LLC lifted its holdings in shares of Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after acquiring an additional 187 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after acquiring an additional 314 shares during the period. Oakworth Capital Inc. bought a new position in shares of Fiserv during the 2nd quarter worth about $36,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Fiserv by 74.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after acquiring an additional 198 shares during the period. 87.43% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on FISV shares. Berenberg Bank started coverage on shares of Fiserv in a report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective for the company. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer raised their price objective on shares of Fiserv from $97.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $120.00 in a report on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Fiserv presently has an average rating of “Buy” and an average price target of $97.88.
In related news, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the transaction, the insider now directly owns 354,929 shares in the company, valued at $31,670,314.67. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 60,000 shares of company stock worth $5,733,600. 1.40% of the stock is owned by corporate insiders.
FISV traded up $0.49 during trading on Wednesday, reaching $107.48. 119,317 shares of the stock were exchanged, compared to its average volume of 8,379,528. The stock has a market cap of $42.15 billion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $108.57. The stock’s 50 day moving average price is $99.79 and its two-hundred day moving average price is $90.03. 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 issued its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. Equities research analysts predict that Fiserv Inc will post 3.68 earnings per share for the current fiscal year.
Fiserv Company 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; 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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