FDx Advisors Inc. raised its stake in Fiserv Inc (NASDAQ:FISV) by 174.6% in the 4th quarter, HoldingsChannel reports. The fund owned 33,104 shares of the business services provider’s stock after buying an additional 21,048 shares during the quarter. FDx Advisors Inc.’s holdings in Fiserv were worth $2,433,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Destination Wealth Management bought a new position in shares of Fiserv in the 4th quarter valued at about $30,000. WESPAC Advisors SoCal LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Legacy Financial Advisors Inc. boosted its stake in shares of Fiserv by 114.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 295 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Fiserv stock opened at $84.75 on Friday. Fiserv Inc has a fifty-two week low of $68.43 and a fifty-two week high of $86.29. The company has a market cap of $33.76 billion, a P/E ratio of 27.33, a PEG ratio of 2.04 and a beta of 0.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.01 and a current ratio of 1.11.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $0.71 EPS. Fiserv’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that Fiserv Inc will post 3.46 EPS for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $71.20, for a total transaction of $3,560,000.00. Following the transaction, the insider now owns 273,314 shares of the company’s stock, valued at approximately $19,459,956.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 150,000 shares of company stock worth $11,501,500 in the last three months. 1.70% of the stock is owned by insiders.
FISV has been the topic of several recent research reports. Wedbush raised their target price on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 29th. Wolfe Research raised shares of Fiserv from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Stephens raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $76.00 to $90.00 in a research note on Wednesday, January 16th. Royal Bank of Canada raised shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a research note on Monday, January 28th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued 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, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $86.49.
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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; 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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