JB Capital LLC Buys 41,095 Shares of Fiserv, Inc. $FISV

JB Capital LLC increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 2,687.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,624 shares of the business services provider’s stock after buying an additional 41,095 shares during the quarter. JB Capital LLC’s holdings in Fiserv were worth $5,496,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new stake in Fiserv during the 2nd quarter valued at $2,320,000. Sowell Financial Services LLC lifted its stake in shares of Fiserv by 9.7% during the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after buying an additional 314 shares during the last quarter. Factory Mutual Insurance Co. boosted its holdings in shares of Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares during the period. Dillon & Associates Inc. grew its stake in Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after buying an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC acquired a new position in Fiserv in the 2nd quarter valued at about $759,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.4%

FISV stock opened at $67.54 on Wednesday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The business has a 50-day simple moving average of $71.07 and a 200 day simple moving average of $117.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $36.71 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of research analyst reports. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Citigroup reduced their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Mizuho reduced their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Finally, TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.58.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 34,900 shares of company stock valued at $2,211,971 over the last three months. 0.75% of the stock is owned by insiders.

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.