Stephens Investment Management Group LLC Buys 3,857 Shares of Fiserv Inc (NASDAQ:FISV)

Stephens Investment Management Group LLC increased its stake in shares of Fiserv Inc (NASDAQ:FISV) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,064 shares of the business services provider’s stock after buying an additional 3,857 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Fiserv were worth $5,840,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FISV. Bremer Bank National Association acquired a new stake in shares of Fiserv in the 1st quarter valued at $25,000. Advantage Investment Management LLC increased its stake in shares of Fiserv by 126.4% in the 2nd 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. Wealthcare Advisory Partners LLC increased its stake in shares of Fiserv by 523.3% in the 2nd 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. Parkside Financial Bank & Trust increased its stake in shares of Fiserv by 74.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after buying an additional 198 shares during the period. Finally, Glassman Wealth Services increased its stake in shares of Fiserv by 76.9% in the 1st quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

FISV has been the subject of several research reports. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Raymond James initiated coverage on Fiserv in a research note on Friday, June 21st. They issued an “outperform” rating and a $103.00 target price for the company. Moffett Nathanson initiated coverage on Fiserv in a research note on Tuesday, May 21st. They issued a “buy” rating and a $108.00 target price for the company. Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a research note on Wednesday, June 26th. Finally, Berenberg Bank initiated coverage on Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Fiserv has an average rating of “Buy” and an average price target of $97.88.



In other news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the sale, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.20, for a total value of $2,064,000.00. Following the completion of the sale, the chairman now owns 330,629 shares in the company, valued at $34,120,912.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,000 shares of company stock valued at $5,911,500. Insiders own 1.40% of the company’s stock.

Shares of Fiserv stock traded up $1.11 during trading on Friday, reaching $106.60. 166,168 shares of the company were exchanged, compared to its average volume of 8,604,863. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $107.06. The business has a 50-day moving average price of $98.20 and a 200-day moving average price of $89.55. The firm has a market capitalization of $41.71 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.34 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Fiserv Inc will post 3.76 EPS for the current fiscal year.

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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