Freestone Capital Holdings LLC boosted its position in Fiserv Inc (NASDAQ:FISV) by 98.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,620 shares of the business services provider’s stock after buying an additional 4,282 shares during the period. Freestone Capital Holdings LLC’s holdings in Fiserv were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtue Capital Management LLC purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $116,000. ARK Investment Management LLC acquired a new position in Fiserv in the 4th quarter valued at $118,000. Parallel Advisors LLC raised its stake in Fiserv by 100.0% in the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 750 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake in Fiserv by 96.9% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 738 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Fiserv in the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 87.98% of the company’s stock.
Several research analysts recently commented on FISV shares. ValuEngine downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Cowen reaffirmed a “hold” rating and issued a $68.00 target price on shares of Fiserv in a research note on Friday, March 23rd. Stephens reaffirmed a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research note on Thursday, April 5th. BidaskClub downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Fiserv has a consensus rating of “Hold” and an average target price of $71.50.
Shares of Fiserv opened at $75.57 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $31.03 billion, a PE ratio of 29.52, a P/E/G ratio of 2.11 and a beta of 0.83. Fiserv Inc has a 1 year low of $59.85 and a 1 year high of $76.98.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $1.13 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that Fiserv Inc will post 3.12 EPS for the current year.
In other Fiserv news, Director Kim M. Robak sold 10,388 shares of Fiserv stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $72.92, for a total transaction of $757,492.96. Following the transaction, the director now owns 85,094 shares of the company’s stock, valued at $6,205,054.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $72.11, for a total value of $3,605,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 160,388 shares of company stock worth $11,792,993 in the last three months. Corporate insiders own 1.80% of the company’s stock.
Fiserv Company 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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