Montecito Bank & Trust Invests $1.19 Million in Fiserv, Inc. $FISV

Montecito Bank & Trust acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,201 shares of the business services provider’s stock, valued at approximately $1,186,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its position in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the last quarter. Versor Investments LP bought a new stake in shares of Fiserv during the 1st quarter valued at about $415,000. Wellington Management Group LLP grew its stake in shares of Fiserv by 1,205.1% during the 1st quarter. Wellington Management Group LLP now owns 565,201 shares of the business services provider’s stock valued at $124,813,000 after purchasing an additional 521,894 shares during the period. Finally, JT Stratford LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at about $216,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. This represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 34,900 shares of company stock worth $2,211,971 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FISV shares. Citigroup dropped their price objective on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. B. Riley cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Morgan Stanley downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a research report on Friday, November 14th. BNP Paribas lowered Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Wednesday, November 5th. Finally, Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.08.

Fiserv Trading Down 0.5%

Fiserv stock opened at $68.00 on Friday. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm’s 50 day moving average price is $79.82 and its 200-day moving average price is $124.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $36.96 billion, a P/E ratio of 10.51, a PEG ratio of 2.63 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.