Chesapeake Wealth Management Increases Stake in Fiserv Inc (NASDAQ:FISV)

Chesapeake Wealth Management boosted its position in Fiserv Inc (NASDAQ:FISV) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,831 shares of the business services provider’s stock after purchasing an additional 1,661 shares during the quarter. Chesapeake Wealth Management’s holdings in Fiserv were worth $1,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FISV. We Are One Seven LLC purchased a new stake in Fiserv during the fourth quarter worth approximately $27,000. Sontag Advisory LLC acquired a new position in Fiserv during the fourth quarter worth approximately $27,000. Destination Wealth Management acquired a new position in Fiserv during the fourth quarter worth approximately $30,000. JOYN Advisors Inc. increased its position in Fiserv by 80.0% during the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after buying an additional 180 shares during the period. Finally, WESPAC Advisors SoCal LLC acquired a new position in Fiserv during the fourth quarter worth approximately $31,000. 89.31% of the stock is owned by institutional investors and hedge funds.

FISV has been the topic of several research analyst reports. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Cantor Fitzgerald reissued a “hold” rating and issued a $73.00 target price on shares of Fiserv in a report on Wednesday, January 16th. Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $76.00 to $90.00 in a report on Wednesday, January 16th. Wolfe Research upgraded Fiserv from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $74.50 to $88.00 in a research note on Friday, January 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus target price of $88.57.

Shares of NASDAQ:FISV opened at $84.69 on Friday. The firm has a market capitalization of $34.01 billion, a PE ratio of 27.32, a P/E/G ratio of 2.09 and a beta of 0.80. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts anticipate that Fiserv Inc will post 3.45 EPS for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the completion of the sale, the insider now directly owns 436,141 shares in the company, valued at $36,618,398.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim M. Robak sold 10,904 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the sale, the director now owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The disclosure for this sale can be found here. Insiders sold 157,912 shares of company stock valued at $13,389,571 over the last quarter. Insiders own 1.40% of the company’s stock.

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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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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