Seven Eight Capital LP Purchases New Position in Fiserv Inc (NASDAQ:FISV)

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Seven Eight Capital LP bought a new stake in Fiserv Inc (NASDAQ:FISV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,100 shares of the business services provider’s stock, valued at approximately $6,351,000.

Several other large investors have also recently added to or reduced their stakes in FISV. Sonora Investment Management LLC acquired a new position in Fiserv in the second quarter valued at about $106,000. Fort L.P. acquired a new position in Fiserv in the second quarter valued at about $120,000. Braun Bostich & Associates Inc. grew its position in Fiserv by 515.8% in the second quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 1,434 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in Fiserv in the third quarter valued at about $143,000. Finally, Twin Tree Management LP bought a new position in Fiserv in the second quarter valued at about $135,000. 87.48% of the stock is owned by institutional investors and hedge funds.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total transaction of $3,986,000.00. Following the completion of the sale, the insider now owns 418,380 shares in the company, valued at $33,353,253.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 150,000 shares of company stock valued at $11,864,000 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on FISV shares. Cantor Fitzgerald reiterated a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research report on Wednesday, August 1st. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a report on Monday, October 15th. JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price target on the stock. in a report on Tuesday, August 14th. Deutsche Bank boosted their price target on Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.82.

Shares of NASDAQ:FISV traded up $0.44 during trading on Friday, reaching $80.24. 2,076,548 shares of the stock were exchanged, compared to its average volume of 2,471,667. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81. Fiserv Inc has a 1-year low of $62.76 and a 1-year high of $82.79. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.20 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.27 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

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Fiserv Profile

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; 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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