Vestor Capital LLC decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,264 shares of the business services provider’s stock after selling 2,439 shares during the quarter. Fiserv comprises about 1.2% of Vestor Capital LLC’s investment portfolio, making the stock its 28th biggest position. Vestor Capital LLC’s holdings in Fiserv were worth $12,499,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Arete Wealth Advisors LLC grew its stake in Fiserv by 4.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 2,535 shares of the business services provider’s stock worth $272,000 after buying an additional 98 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Fiserv by 37.9% during the fourth quarter. Bell Investment Advisors Inc now owns 393 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 108 shares during the last quarter. M. Kraus & Co grew its stake in shares of Fiserv by 0.3% during the first quarter. M. Kraus & Co now owns 39,435 shares of the business services provider’s stock valued at $3,999,000 after purchasing an additional 110 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Fiserv by 30.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 506 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 117 shares during the last quarter. Finally, Glassman Wealth Services grew its stake in shares of Fiserv by 22.6% during the first quarter. Glassman Wealth Services now owns 673 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 124 shares during the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on FISV. Morgan Stanley increased their price target on shares of Fiserv from $98.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. TheStreet lowered shares of Fiserv from a “b-” rating to a “c+” rating in a report on Friday, July 8th. Wells Fargo & Company increased their price objective on shares of Fiserv to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Loop Capital began coverage on shares of Fiserv in a report on Monday, May 2nd. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Tigress Financial increased their price objective on shares of Fiserv from $150.00 to $152.00 in a report on Friday, May 27th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.46.
Fiserv Stock Performance
Fiserv (NASDAQ:FISV – Get Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.01. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. Fiserv’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 6.49 EPS for the current year.
Insider Transactions at Fiserv
In other Fiserv news, COO Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now owns 237,053 shares in the company, valued at approximately $24,911,899.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Holdings L.P. Valueact bought 500,000 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was bought at an average cost of $94.18 per share, for a total transaction of $47,090,000.00. Following the transaction, the director now owns 14,147,776 shares of the company’s stock, valued at $1,332,437,543.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the completion of the transaction, the chief operating officer now owns 237,053 shares of the company’s stock, valued at $24,911,899.77. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,224,609 shares of company stock worth $113,982,154 and sold 49,000 shares worth $5,072,700. 1.00% of the stock is currently owned by corporate insiders.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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