Moors & Cabot Inc. Boosts Stake in Fiserv Inc (FISV)

Moors & Cabot Inc. lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,490 shares of the business services provider’s stock after buying an additional 164 shares during the period. Moors & Cabot Inc.’s holdings in Fiserv were worth $308,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LMR Partners LLP acquired a new position in Fiserv during the fourth quarter valued at $267,000. CHICAGO TRUST Co NA lifted its position in Fiserv by 6.7% during the first quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 600 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Fiserv during the fourth quarter valued at $800,000. Hoylecohen LLC acquired a new position in Fiserv during the fourth quarter valued at $205,000. Finally, Sandy Spring Bank lifted its position in Fiserv by 5.8% during the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 90.56% of the company’s stock.

A number of research analysts recently issued reports on FISV shares. Keefe, Bruyette & Woods started coverage on shares of Fiserv in a research report on Monday, April 8th. They set a “market perform” rating and a $101.00 target price for the company. William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, SunTrust Banks restated a “hold” rating and set a $85.21 target price on shares of Fiserv in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Fiserv presently has a consensus rating of “Buy” and an average target price of $89.59.

FISV opened at $88.41 on Wednesday. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $91.19. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $34.69 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.11 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were 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 owns 436,141 shares of the company’s stock, valued at $36,618,398.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $85.49, for a total transaction of $1,709,800.00. The disclosure for this sale can be found here. Insiders have sold 127,912 shares of company stock valued at $10,856,871 in the last three months. Corporate insiders own 1.40% of the company’s stock.

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Fiserv 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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