Kalos Management Inc. Purchases 427 Shares of Fiserv, Inc. (FISV)
Kalos Management Inc. lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,310 shares of the business services provider’s stock after purchasing an additional 427 shares during the quarter. Kalos Management Inc.’s holdings in Fiserv were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in FISV. Chicago Partners Investment Group LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $104,000. Parallel Advisors LLC grew its holdings in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $122,000. Trust Co. of Vermont grew its holdings in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after purchasing an additional 453 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on FISV shares. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and set a $136.00 price objective on shares of Fiserv in a report on Friday, September 8th. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $128.00 price objective on shares of Fiserv in a report on Sunday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus target price of $127.77.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the sale, the insider now owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock worth $7,113,543 in the last three months. 1.80% of the stock is currently owned by company insiders.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded down 0.997% during mid-day trading on Wednesday, reaching $126.595. The company had a trading volume of 254,796 shares. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.81. The firm’s 50 day moving average is $125.13 and its 200-day moving average is $122.65. The stock has a market capitalization of $26.64 billion, a P/E ratio of 30.952 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. On average, analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
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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