Vestor Capital LLC Has $3.72 Million Position in Fiserv Inc (FISV)

Vestor Capital LLC raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,554 shares of the business services provider’s stock after purchasing an additional 1,250 shares during the period. Vestor Capital LLC’s holdings in Fiserv were worth $3,715,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. LMR Partners LLP bought a new position in shares of Fiserv during the 4th quarter worth approximately $267,000. Davis R M Inc. bought a new position in Fiserv in the fourth quarter worth about $401,000. Sandy Spring Bank raised its stake in Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Fiserv by 20.4% in the third quarter. Eagle Asset Management Inc. now owns 8,120 shares of the business services provider’s stock worth $668,000 after buying an additional 1,375 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock worth $104,000 after buying an additional 342 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now owns 436,141 shares in the company, valued at $36,618,398.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares in the company, valued at approximately $7,448,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,912 shares of company stock worth $15,245,371. Corporate insiders own 1.70% of the company’s stock.

Shares of NASDAQ FISV traded down $0.57 on Monday, reaching $85.01. 25,355 shares of the company’s stock traded hands, compared to its average volume of 3,764,050. Fiserv Inc has a 12 month low of $68.43 and a 12 month high of $87.26. The company has a market capitalization of $33.40 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 2.07 and a beta of 0.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts forecast that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

A number of research firms recently issued reports on FISV. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $83.00 target price on shares of Fiserv in a research note on Friday, February 8th. Buckingham Research assumed coverage on shares of Fiserv in a research note on Thursday, February 7th. They set a “buy” rating and a $100.00 target price for the company. SunTrust Banks reaffirmed a “hold” rating and set a $85.21 target price on shares of Fiserv in a research note on Tuesday, January 29th. Finally, Wedbush increased their price target on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.49.

ILLEGAL ACTIVITY WARNING: This article was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.wkrb13.com/2019/03/25/vestor-capital-llc-has-3-72-million-position-in-fiserv-inc-fisv.html.

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.

Read More: What are different types of coverage ratios?

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.