Brinker Capital Inc. boosted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,851 shares of the business services provider’s stock after acquiring an additional 4,857 shares during the quarter. Brinker Capital Inc.’s holdings in Fiserv were worth $5,795,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Destination Wealth Management acquired a new stake in Fiserv in the fourth quarter valued at approximately $30,000. JOYN Advisors Inc. grew its holdings in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 180 shares during the period. WESPAC Advisors SoCal LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $31,000. Finally, Legacy Financial Advisors Inc. grew its holdings in Fiserv by 114.3% in the fourth 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 period. Institutional investors own 86.44% of the company’s stock.
Several brokerages have commented on FISV. Royal Bank of Canada raised Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price objective on the stock in a report on Monday, January 28th. Edward Jones lowered Fiserv from a “buy” rating to a “hold” rating in a report on Friday, January 18th. Buckingham Research began coverage on Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $83.00 price objective on shares of Fiserv in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $86.49.
Shares of NASDAQ:FISV opened at $86.24 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $33.77 billion, a PE ratio of 27.82, a PEG ratio of 2.08 and a beta of 0.82. Fiserv Inc has a 1 year low of $68.43 and a 1 year high of $87.26.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Research analysts anticipate that Fiserv Inc will post 3.45 EPS for the current fiscal year.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the transaction, the director now owns 52,014 shares of the company’s stock, valued at $4,425,351.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth Best sold 13,280 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $84.95, for a total value of $1,128,136.00. Following the transaction, the insider now directly owns 38,364 shares in the company, valued at approximately $3,259,021.80. The disclosure for this sale can be found here. Insiders sold 177,008 shares of company stock worth $13,797,614 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
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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; Internet and 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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