11,145 Shares in Fiserv, Inc. $FISV Bought by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,145 shares of the business services provider’s stock, valued at approximately $1,437,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Vise Technologies Inc. acquired a new stake in Fiserv during the second quarter worth about $2,320,000. Factory Mutual Insurance Co. grew 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 purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. grew its holdings in shares of Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC bought a new stake in shares of Fiserv during the second quarter valued at approximately $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Fiserv by 236.6% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after purchasing an additional 5,649 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FISV. Zacks Research raised shares of Fiserv from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 target price on shares of Fiserv in a research report on Thursday, December 4th. Citigroup lowered their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, BTIG Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus price target of $113.34.

Fiserv Stock Performance

Shares of Fiserv stock opened at $63.43 on Friday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $34.48 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 3.72 and a beta of 0.80. The firm has a fifty day moving average of $66.28 and a two-hundred day moving average of $102.96.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.30 earnings per share. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In related news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction on Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer owned 24,453 shares in the company, 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. 1.00% of the stock is currently owned by corporate insiders.

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.