Stratos Wealth Advisors LLC acquired a new stake in Fiserv Inc (NASDAQ:FISV) in the first quarter, HoldingsChannel reports. The institutional investor acquired 2,500 shares of the business services provider’s stock, valued at approximately $221,000.
Several other institutional investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. purchased a new stake in Fiserv during the 1st quarter valued at $550,000. Thoroughbred Financial Services LLC boosted its position in Fiserv by 4.4% during the 1st quarter. Thoroughbred Financial Services LLC now owns 3,089 shares of the business services provider’s stock valued at $273,000 after buying an additional 130 shares during the period. Keystone Financial Group purchased a new stake in Fiserv during the 1st quarter valued at $263,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in Fiserv by 2.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 31,939 shares of the business services provider’s stock valued at $2,819,000 after buying an additional 883 shares during the period. Finally, Water Island Capital LLC purchased a new stake in shares of Fiserv in the 1st quarter worth about $64,000. 90.56% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada raised shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price for the company in a research report on Monday, January 28th. Edward Jones cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Buckingham Research assumed coverage on shares of Fiserv in a research report on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $83.00 target price on shares of Fiserv in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Fiserv currently has an average rating of “Hold” and an average price target of $88.57.
Shares of Fiserv stock traded down $0.44 during trading on Friday, hitting $87.34. The company’s stock had a trading volume of 53,254 shares, compared to its average volume of 4,108,753. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $33.70 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.07 and a beta of 0.80. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.19.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. Fiserv’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, equities analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the completion of the sale, the insider now directly owns 441,112 shares in the company, valued at approximately $37,428,353.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Denis Oleary sold 13,728 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the sale, the director now owns 52,014 shares of the company’s stock, valued at $4,425,351.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,912 shares of company stock valued at $15,099,371. 1.40% of the stock is owned by company insiders.
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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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