Montag A & Associates Inc. grew its holdings in Fiserv Inc (NASDAQ:FISV) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,718 shares of the business services provider’s stock after acquiring an additional 13,403 shares during the period. Fiserv comprises 2.4% of Montag A & Associates Inc.’s holdings, making the stock its 5th biggest position. Montag A & Associates Inc. owned about 0.07% of Fiserv worth $27,940,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Truewealth LLC boosted its holdings in Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Cordasco Financial Network purchased a new stake in Fiserv during the third quarter worth $29,000. Advantage Investment Management LLC boosted its holdings in Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after buying an additional 187 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Fiserv during the third quarter worth $31,000. Finally, Wealthcare Advisory Partners LLC raised its position in Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after acquiring an additional 314 shares during the period.
In other news, Chairman Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total value of $2,686,250.00. Following the completion of the sale, the chairman now directly owns 291,429 shares in the company, valued at $31,314,046.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the sale, the executive vice president now owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock valued at $13,422,250 over the last quarter. Company insiders own 1.40% of the company’s stock.
FISV has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Fiserv in a research report on Monday, October 14th. They set a “buy” rating and a $120.00 price objective for the company. Deutsche Bank upgraded shares of Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $120.00 in a research report on Tuesday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Fiserv in a research report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective for the company. Wedbush upped their price objective on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Atlantic Securities initiated coverage on shares of Fiserv in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the stock. Fiserv presently has an average rating of “Buy” and an average price target of $107.63.
Shares of NASDAQ FISV traded up $0.96 during mid-day trading on Friday, reaching $110.61. The company’s stock had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. The stock has a 50-day moving average of $104.54 and a two-hundred day moving average of $97.46. The stock has a market capitalization of $40.87 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46.
Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. Analysts predict that Fiserv Inc will post 4.03 EPS for the current fiscal year.
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; 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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