Aaron Wealth Advisors LLC bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) in Q1, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 61,042 shares of the business services provider, valued at around $602,000.
Other institutional investors and hedge funds have also recently changed their stakes in the company. Riverview Trust Co purchased a new equity stake in Fiserv in Q1 worth approximately $29,000. Capital Advisors Ltd. LLC bought a new stock position in Fiserv in Q4 worth approximately $30,000. Advocacy Wealth Management Services LLC increased its equity interest in Fiserv by 100.0% in Q1. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider worth $30,000 after acquiring 147 additional shares in the last quarter. Parkside Investments LLC bought a new position in Fiserv stock in Q1 worth about $30,000. Finally, Herold Advisors Inc. bought a new position in Fiserv stock in Q1 worth about $35,000. 97.24% of the shares are held by hedge funds and other institutional investors.
Fiserv is trading down 1.0%
Fiserv stock opened at $109.48 on Friday. The stock has a market capitalization of $70.02 billion, a P/E ratio of 35.55, a PEG ratio of 1.26 and a beta of 0.88. The company has a debt ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $119.51. The company’s 50-day moving average price is $98.17 and its 200-day moving average price is $98.43.
Fiserv (NASDAQ:FISV – Get Rating) last released quarterly earnings data on Tuesday, July 26. The business services provider reported earnings per share (EPS) of $1.56 for the quarter, beating the consensus estimate of $1.55 by $0.01. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The company posted revenue of $4.45 billion for the quarter, versus $4.06 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $1.37. The company’s revenue for the quarter increased by 9.8% compared to the same quarter last year. On average, stock analysts predict that Fiserv, Inc. will post earnings per share of 6.49 for the current fiscal year.
Insider buying and selling
Separately, chief operating officer Guy Chiarello sold 15,000 shares of the company in a trade on Friday July 22. The shares were sold at an average price of $100.00, for a total value of $1,500,000.00. Following the sale, the chief operating officer now owns 216,864 shares of the company, valued at $21,686,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Holdings LP Valueact acquired 291,659 shares of the company in a transaction on Monday, June 13. The shares were acquired at an average price of $89.65 per share, for a total transaction of $26,147,229.35. Following completion of the transaction, the administrator now directly owns 14,439,435 shares of the company, valued at approximately $1,294,495,347.75. The acquisition was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, COO Guy Chiarello sold 15,000 shares of the company in a trade on Friday, July 22. The shares were sold at an average price of $100.00, for a total transaction of $1,500,000.00. As a result of the transaction, the chief operating officer now owns 216,864 shares of the company, valued at approximately $21,686,400. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 49,000 shares of the company worth $5,072,700. Insiders hold 1.00% of the shares of the company.
A Wall Street analyst gives his opinion
Several research analysts have recently released reports on the stock. Mizuho raised his price target on Fiserv shares from $140.00 to $145.00 and gave the stock a “buy” rating in a Monday, Aug. 1 research note. Robert W. Baird reduced his price target on Fiserv shares from $144.00 to $132.00 in a Wednesday, July 13 research note. TheStreet downgraded Fiserv’s shares from a “b-” rating to a “c+” rating in a Friday, July 8 research note. Wells Fargo & Company raised its price target on Fiserv stock to $100.00 and gave the stock an “outperform” rating in a Wednesday, July 27 research note. Finally, Loop Capital began covering Fiserv shares in a research note on Monday, May 2. They issued a “buy” rating and a price target of $125.00 for the company. Nine investment analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $124.25.
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Fiserv, Inc, together with its subsidiaries, provides payment technology and financial services 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 vendor platform.
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