Empirical Finance LLC grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,596 shares of the business services provider’s stock after acquiring an additional 1,106 shares during the period. Empirical Finance LLC’s holdings in Fiserv were worth $705,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Center for Financial Planning Inc. acquired a new stake in shares of Fiserv during the 1st quarter valued at approximately $33,000. Trustcore Financial Services LLC increased its stake in shares of Fiserv by 96.6% during the 2nd quarter. Trustcore Financial Services LLC now owns 293 shares of the business services provider’s stock worth $31,000 after purchasing an additional 144 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Fiserv during the 2nd quarter worth approximately $41,000. JFS Wealth Advisors LLC increased its stake in shares of Fiserv by 109.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 389 shares of the business services provider’s stock worth $42,000 after purchasing an additional 203 shares in the last quarter. Finally, Blume Capital Management Inc. purchased a new position in shares of Fiserv during the 1st quarter worth approximately $48,000. Institutional investors own 89.87% of the company’s stock.
In other Fiserv news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $109.63, for a total transaction of $1,096,300.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Byron C. Vielehr sold 5,000 shares of the business’s stock in a transaction on Friday, June 18th. The stock was sold at an average price of $107.84, for a total value of $539,200.00. Following the completion of the sale, the insider now directly owns 75,877 shares in the company, valued at approximately $8,182,575.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,000 shares of company stock valued at $8,696,700. Insiders own 1.60% of the company’s stock.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Fiserv had a return on equity of 10.48% and a net margin of 7.37%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the firm earned $0.93 EPS. Fiserv’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 5.56 earnings per share for the current year.
Several analysts have commented on FISV shares. JPMorgan Chase & Co. lifted their target price on shares of Fiserv from $142.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 17th. Rosenblatt Securities lifted their target price on shares of Fiserv from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Wedbush reaffirmed an “outperform” rating on shares of Fiserv in a research note on Tuesday, July 27th. Truist cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Monday, June 7th. They noted that the move was a valuation call. Finally, Truist Securities cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Monday, June 7th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $130.60.
Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.
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