LS Investment Advisors LLC Has $14.03 Million Holdings in Fiserv, Inc. $FISV

LS Investment Advisors LLC decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 8.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 108,822 shares of the business services provider’s stock after selling 10,563 shares during the period. Fiserv accounts for about 2.0% of LS Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. LS Investment Advisors LLC’s holdings in Fiserv were worth $14,030,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares during the period. NewEdge Advisors LLC grew its position in shares of Fiserv by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 26,150 shares of the business services provider’s stock worth $5,775,000 after purchasing an additional 2,233 shares in the last quarter. Plancorp LLC bought a new position in shares of Fiserv during the first quarter worth approximately $409,000. Finally, UniSuper Management Pty Ltd raised its position in shares of Fiserv by 45.2% in the first quarter. UniSuper Management Pty Ltd now owns 186,176 shares of the business services provider’s stock valued at $41,113,000 after buying an additional 57,989 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were 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 owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 34,900 shares of company stock worth $2,211,971 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $65.59 on Monday. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock’s 50-day simple moving average is $67.58 and its 200 day simple moving average is $115.88. The firm has a market capitalization of $35.65 billion, a PE ratio of 10.14, a price-to-earnings-growth 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 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 during the quarter. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FISV shares. Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Wednesday. Citigroup reduced their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. UBS Group set a $75.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. BNP Paribas cut shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Wednesday, November 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $114.42.

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.