Fiserv, Inc. $FISV Stock Holdings Boosted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 32.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,145 shares of the business services provider’s stock after buying an additional 14,464 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Fiserv were worth $2,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC boosted its holdings in Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 195 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 215 shares during the period. Intelligence Driven Advisers LLC raised its holdings in shares of Fiserv by 4.0% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after buying an additional 250 shares in the last quarter. Plan A Wealth LLC raised its holdings in shares of Fiserv by 4.2% in the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock worth $309,000 after buying an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC raised its holdings in shares of Fiserv by 22.6% in the 3rd quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after buying an additional 281 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

FISV has been the topic of several recent analyst reports. TD Cowen decreased their price target on Fiserv from $55.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $53.00 price target on shares of Fiserv in a research report on Monday, August 31st. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, UBS Group set a $60.00 target price on shares of Fiserv and gave the company a “neutral” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.21.

Fiserv Stock Performance

FISV stock opened at $46.07 on Thursday. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market cap of $24.50 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 4.66 and a beta of 0.80. The business’s fifty day moving average is $49.68 and its 200-day moving average is $52.84.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.