Coerente Capital Management Has $22.52 Million Stake in Fiserv, Inc. $FISV

Coerente Capital Management lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 10.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,677 shares of the business services provider’s stock after acquiring an additional 16,095 shares during the period. Fiserv makes up approximately 4.0% of Coerente Capital Management’s investment portfolio, making the stock its 10th largest position. Coerente Capital Management’s holdings in Fiserv were worth $22,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FISV. Venturi Wealth Management LLC grew its position in shares of Fiserv by 24.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 92,506 shares of the business services provider’s stock worth $11,927,000 after purchasing an additional 18,250 shares in the last quarter. West Bancorporation Inc. bought a new stake in shares of Fiserv in the third quarter valued at approximately $203,000. North Point Portfolio Managers Corp OH grew its position in Fiserv by 24.2% during the third quarter. North Point Portfolio Managers Corp OH now owns 153,662 shares of the business services provider’s stock worth $19,812,000 after buying an additional 29,973 shares in the last quarter. CX Institutional increased its stake in Fiserv by 28.4% during the 3rd quarter. CX Institutional now owns 59,172 shares of the business services provider’s stock worth $7,629,000 after acquiring an additional 13,075 shares during the period. Finally, Childress Capital Advisors LLC raised its holdings in Fiserv by 6.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,532 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 34,900 shares of company stock valued at $2,211,971 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Fiserv Price Performance

FISV stock opened at $68.75 on Thursday. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.76 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day simple moving average of $65.20 and a 200 day simple moving average of $114.23. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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%. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FISV has been the topic of several analyst reports. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price on the stock. in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on shares of Fiserv in a research note on Thursday, October 16th. BNP Paribas cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday, November 5th. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Stephens cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.42.

Fiserv Profile

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.