Gilbert & Cook Inc. Purchases 227 Shares of Fiserv Inc (NASDAQ:FISV)

Gilbert & Cook Inc. boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 9.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,567 shares of the business services provider’s stock after purchasing an additional 227 shares during the quarter. Gilbert & Cook Inc.’s holdings in Fiserv were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Fiserv by 8.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after acquiring an additional 3,933,642 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Fiserv by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after purchasing an additional 322,980 shares during the period. BlackRock Inc. grew its position in shares of Fiserv by 2.8% in the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after purchasing an additional 883,535 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fiserv by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,508,566 shares of the business services provider’s stock valued at $682,004,000 after purchasing an additional 758,149 shares during the period. Finally, Invesco Ltd. grew its position in shares of Fiserv by 3.2% in the 2nd quarter. Invesco Ltd. now owns 5,022,526 shares of the business services provider’s stock valued at $457,854,000 after purchasing an additional 157,635 shares during the period.

Several brokerages recently issued reports on FISV. JPMorgan Chase & Co. began coverage on Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective for the company. Canaccord Genuity began coverage on Fiserv in a research report on Thursday, September 12th. They issued a “buy” rating and a $130.00 price objective for the company. Oppenheimer boosted their price objective on Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Berenberg Bank began coverage on Fiserv in a research report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective for the company. Finally, SunTrust Banks boosted their price objective on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Buy” and an average target price of $107.85.

Shares of NASDAQ FISV traded up $0.96 during trading hours on Friday, hitting $110.61. The company had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. The stock has a market capitalization of $40.87 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The firm’s 50 day moving average is $104.63 and its 200-day moving average is $97.58.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. On average, sell-side analysts predict that Fiserv Inc will post 4.03 earnings per share for the current year.

In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the sale, the chief executive officer now directly owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value of $531,800.00. Following the sale, the executive vice president now directly owns 140,248 shares in the company, valued at $14,916,777.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,000 shares of company stock worth $13,422,250. 1.40% of the stock is currently owned by insiders.

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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