5,926 Shares in Fiserv Inc (FISV) Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. purchased a new position in Fiserv Inc (NASDAQ:FISV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,926 shares of the business services provider’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kaizen Advisory LLC increased its holdings in Fiserv by 13.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after acquiring an additional 135 shares in the last quarter. Tandem Investment Advisors Inc. increased its holdings in Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after acquiring an additional 141 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after acquiring an additional 146 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Fiserv by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after acquiring an additional 150 shares in the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of Fiserv by 5.8% during 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. 88.84% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on FISV. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods began coverage on shares of Fiserv in a report on Monday. They set a “market perform” rating and a $101.00 target price for the company. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Buckingham Research began coverage on shares of Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.29.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the sale, the insider now owns 441,112 shares of the company’s stock, valued at $37,428,353.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 13,728 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the sale, the director now directly owns 52,014 shares in the company, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. Insiders have sold 187,912 shares of company stock worth $15,245,371 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Shares of FISV opened at $86.75 on Thursday. The stock has a market cap of $34.58 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83. Fiserv Inc has a 1 year low of $68.43 and a 1 year high of $91.19. 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 issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, analysts predict that Fiserv Inc will post 3.45 EPS for the current year.

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About Fiserv

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.

Further Reading: Economic Reports

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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