L. Roy Papp & Associates LLP Increases Stock Position in Fiserv, Inc. $FISV

L. Roy Papp & Associates LLP boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 25.7% in the 3rd quarter, Holdings Channel reports. The firm owned 84,362 shares of the business services provider’s stock after purchasing an additional 17,231 shares during the period. Fiserv accounts for about 1.2% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 21st biggest holding. L. Roy Papp & Associates LLP’s holdings in Fiserv were worth $10,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SageView Advisory Group LLC raised its holdings in shares of Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after buying an additional 62 shares during the last quarter. Abacus Wealth Partners LLC increased its position in Fiserv by 1.6% in the 2nd quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock valued at $794,000 after acquiring an additional 72 shares during the period. ICW Investment Advisors LLC raised its stake in Fiserv by 0.7% during the 1st quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after acquiring an additional 77 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in Fiserv by 2.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after acquiring an additional 77 shares during the period. Finally, Central Bank & Trust Co. grew its stake in shares of Fiserv by 1.9% in the 2nd quarter. Central Bank & Trust Co. now owns 4,149 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 78 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 34,900 shares of company stock valued at $2,211,971 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FISV opened at $67.94 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a 50-day simple moving average of $78.73 and a 200-day simple moving average of $123.35. The company has a market capitalization of $36.93 billion, a PE ratio of 10.50, a P/E/G ratio of 2.62 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion for the quarter. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FISV. KeyCorp cut Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. B. Riley cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.08.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.