Fiserv, Inc. $FISV Shares Purchased by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 24.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,662 shares of the business services provider’s stock after buying an additional 29,973 shares during the quarter. Fiserv comprises 3.3% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 9th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Fiserv were worth $19,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FISV. Sound Income Strategies LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $28,000. True Wealth Design LLC grew its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter valued at $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the second quarter valued at about $34,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.0%

Fiserv stock opened at $68.75 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a market cap of $37.37 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.76 and a beta of 0.80. The stock’s 50 day moving average price is $65.20 and its 200 day moving average price is $114.23.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion during the quarter. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FISV shares. Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and set a $99.00 price target (down from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Finally, Jefferies Financial Group lowered their price objective on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.42.

Insider Activity at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 34,900 shares of company stock worth $2,211,971 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.