Hunter Perkins Capital Management LLC Raises Holdings in Fiserv, Inc. $FISV

Hunter Perkins Capital Management LLC increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 19.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,196 shares of the business services provider’s stock after buying an additional 15,128 shares during the quarter. Fiserv accounts for about 2.7% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Hunter Perkins Capital Management LLC’s holdings in Fiserv were worth $12,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. SageView Advisory Group LLC boosted its position in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the last quarter. Abacus Wealth Partners LLC lifted its position in shares of Fiserv by 1.6% in the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after purchasing an additional 72 shares in the last quarter. ICW Investment Advisors LLC boosted its holdings in Fiserv by 0.7% during the first quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock worth $2,351,000 after purchasing an additional 77 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Fiserv by 2.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 77 shares in the last quarter. Finally, Central Bank & Trust Co. increased its stake in Fiserv by 1.9% in the 2nd quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock valued at $715,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. BNP Paribas Exane restated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a research note on Wednesday, November 5th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. B. Riley cut Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $119.58.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $67.95 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $36.94 billion, a P/E ratio of 10.50, a P/E/G ratio of 2.61 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The stock has a 50 day moving average of $75.46 and a 200-day moving average of $121.04.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.