Weatherstone Capital Management Increases Holdings in Fiserv, Inc. (FISV)
Weatherstone Capital Management raised its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,402 shares of the business services provider’s stock after purchasing an additional 147 shares during the quarter. Weatherstone Capital Management’s holdings in Fiserv were worth $294,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. First Manhattan Co. increased its position in Fiserv by 14.9% during the 1st quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the period. Russell Investments Group Ltd. increased its position in Fiserv by 94.9% during the 1st quarter. Russell Investments Group Ltd. now owns 84,167 shares of the business services provider’s stock worth $9,706,000 after buying an additional 40,981 shares during the period. Canada Pension Plan Investment Board increased its position in Fiserv by 37,915.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,884 shares of the business services provider’s stock worth $1,140,000 after buying an additional 9,858 shares during the period. OLD National Bancorp IN bought a new position in Fiserv during the 1st quarter worth $214,000. Finally, Nwam LLC bought a new position in Fiserv during the 1st quarter worth $212,000. 87.72% of the stock is owned by institutional investors and hedge funds.
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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 51,000 shares of company stock worth $6,342,700 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Fiserv, Inc. (NASDAQ FISV) traded down 0.14% on Friday, reaching $122.66. The company’s stock had a trading volume of 709,016 shares. The stock’s 50 day moving average price is $123.85 and its 200 day moving average price is $120.96. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35. The firm has a market cap of $25.82 billion, a PE ratio of 30.03 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. Fiserv’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Equities research analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
Several research analysts have weighed in on FISV shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 price objective (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Credit Suisse Group increased their price objective on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Robert W. Baird reiterated an “outperform” rating and set a $134.00 price objective (up previously from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. Finally, BMO Capital Markets increased their price objective on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fiserv currently has a consensus rating of “Hold” and an average target price of $127.05.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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