Homrich & Berg Buys 2,584 Shares of Fiserv Inc (NASDAQ:FISV)

Homrich & Berg raised its stake in Fiserv Inc (NASDAQ:FISV) by 43.1% in the third quarter, Holdings Channel reports. The fund owned 8,582 shares of the business services provider’s stock after purchasing an additional 2,584 shares during the quarter. Homrich & Berg’s holdings in Fiserv were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FISV. Price T Rowe Associates Inc. MD raised its holdings in 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 buying an additional 3,933,642 shares during the last quarter. Waddell & Reed Financial Inc. raised its holdings in Fiserv by 302.5% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,670,227 shares of the business services provider’s stock valued at $243,418,000 after buying an additional 2,006,798 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Fiserv by 2,018.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,904,545 shares of the business services provider’s stock valued at $173,618,000 after buying an additional 1,814,639 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Fiserv by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock valued at $2,791,697,000 after buying an additional 1,445,676 shares during the last quarter. Finally, Strs Ohio raised its holdings in Fiserv by 3,894.4% in the 3rd quarter. Strs Ohio now owns 950,337 shares of the business services provider’s stock valued at $98,445,000 after buying an additional 926,545 shares during the last quarter.

In related news, Chairman Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total value of $2,686,250.00. Following the completion of the sale, the chairman now owns 291,429 shares of the company’s stock, valued at approximately $31,314,046.05. 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 Fiserv stock in a transaction 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 completion of the sale, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,000 shares of company stock valued at $13,422,250. Insiders own 1.40% of the company’s stock.

Shares of FISV stock traded up $0.89 during trading hours on Wednesday, hitting $111.54. 185,394 shares of the company were exchanged, compared to its average volume of 4,541,509. The firm has a market cap of $43.47 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.30 and a beta of 0.78. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $111.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day simple moving average of $105.01 and a two-hundred day simple moving average of $97.95.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. As a group, sell-side analysts expect that Fiserv Inc will post 4 EPS for the current fiscal year.

A number of research analysts recently issued reports on FISV shares. JPMorgan Chase & Co. started coverage on shares of Fiserv in a report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective for the company. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Monday. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the company a “buy” rating in a report on Friday, July 26th. Berenberg Bank started coverage on shares of Fiserv in a report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective for the company. Finally, Canaccord Genuity began coverage on shares of Fiserv in a report on Thursday, September 12th. They issued a “buy” rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.23.

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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