Stack Financial Management Inc Buys Shares of 148,475 Fiserv, Inc. (NASDAQ:FISV)


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Stack Financial Management Inc bought a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 1st quarter, Holdings Channel.com reports. The firm bought 148,475 shares of the business services provider’s stock, valued at approximately $17,674,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vantage Consulting Group Inc bought a new stake in Fiserv in the 4th quarter valued at approximately $26,000. Capital Asset Advisory Services LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $34,000. CKW Financial Group bought a new stake in Fiserv in the 4th quarter valued at approximately $34,000. Perigon Wealth Management LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $36,000. Finally, Birchcreek Wealth Management LLC bought a new stake in Fiserv in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

FISV opened at $124.29 on Monday. The firm has a market cap of $83.14 billion, a P/E ratio of 94.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. Fiserv, Inc. has a 52-week low of $91.40 and a 52-week high of $126.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average is $120.16 and its 200-day moving average is $111.19.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Monday, February 8th. The business services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.01. Fiserv had a return on equity of 8.75% and a net margin of 6.01%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the company earned $1.13 EPS. Fiserv’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that Fiserv, Inc. will post 4.42 earnings per share for the current fiscal year.

In other Fiserv news, insider Guy Chiarello sold 30,000 shares of the stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $125.67, for a total value of $3,770,100.00. Following the completion of the transaction, the insider now directly owns 290,874 shares in the company, valued at $36,554,135.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary bought 9,100 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was purchased at an average price of $110.99 per share, with a total value of $1,010,009.00. Following the completion of the transaction, the director now directly owns 74,478 shares of the company’s stock, valued at approximately $8,266,313.22. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

FISV has been the topic of a number of analyst reports. KeyCorp upped their price objective on Fiserv from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 10th. Rosenblatt Securities upped their price objective on Fiserv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 10th. Sanford C. Bernstein initiated coverage on Fiserv in a research note on Wednesday, January 27th. They set an “outperform” rating and a $124.00 price objective on the stock. Tigress Financial initiated coverage on Fiserv in a research note on Wednesday, December 23rd. They set a “buy” rating on the stock. Finally, Morgan Stanley upped their price objective on Fiserv from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, February 12th. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $129.72.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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