Checchi Capital Advisers LLC boosted its position in shares of Fiserv Inc. (NASDAQ:FISV) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,329 shares of the company’s stock after buying an additional 115 shares during the period. Checchi Capital Advisers LLC’s holdings in Fiserv were worth $253,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. purchased a new stake in Fiserv during the first quarter worth $141,000. First Manhattan Co. increased its stake in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock valued at $177,000 after buying an additional 134 shares during the period. Franklin Street Advisors Inc. NC bought a new stake in shares of Fiserv during the second quarter valued at approximately $210,000. Univest Corp of Pennsylvania bought a new stake in shares of Fiserv during the second quarter valued at approximately $210,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $200,000. 87.25% of the stock is owned by institutional investors and hedge funds.
Shares of Fiserv Inc. (NASDAQ:FISV) traded down 1.11% during trading on Friday, reaching $101.19. The company’s stock had a trading volume of 706,402 shares. The stock’s 50 day moving average is $102.32 and its 200 day moving average is $103.52. The firm has a market cap of $22.24 billion, a P/E ratio of 25.69 and a beta of 0.95. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
FISV has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, July 5th. Barclays PLC raised their price objective on shares of Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 7th. Deutsche Bank AG raised their price objective on shares of Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $101.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $112.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $104.00.
In other news, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total value of $1,329,600.00. Following the transaction, the insider now directly owns 344,994 shares in the company, valued at $38,225,335.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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