Atlas Capital Advisors LLC Makes New Investment in Fiserv Inc (NASDAQ:FISV)

Atlas Capital Advisors LLC purchased a new position in Fiserv Inc (NASDAQ:FISV) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 611 shares of the business services provider’s stock, valued at approximately $63,000.

Other institutional investors have also bought and sold shares of the company. Truewealth LLC raised its stake in shares of Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 103 shares during the last quarter. Cordasco Financial Network bought a new position in shares of Fiserv during the third quarter valued at about $29,000. Advantage Investment Management LLC increased its position in shares of Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after buying an additional 187 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of Fiserv during the third quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after buying an additional 314 shares during the period.

In other news, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the sale, the executive vice president now owns 140,248 shares in the company, valued at $14,916,777.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Guy Chiarello sold 46,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the sale, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,000 shares of company stock worth $13,422,250. Corporate insiders own 1.40% of the company’s stock.

Shares of FISV opened at $110.61 on Friday. The stock has a market cap of $40.87 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $111.46. The firm’s 50-day simple moving average is $104.63 and its two-hundred day simple moving average is $97.58.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities research analysts predict that Fiserv Inc will post 4.03 EPS for the current year.

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Fiserv from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday. ValuEngine cut shares of Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks boosted their price target on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Berenberg Bank assumed coverage on shares of Fiserv in a research report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price target on the stock. Finally, Royal Bank of Canada set a $106.00 price target on shares of Fiserv and gave the company a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $107.63.

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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