IFP Advisors Inc Buys 159,785 Shares of Fiserv, Inc. $FISV

IFP Advisors Inc raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 92.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 333,245 shares of the business services provider’s stock after purchasing an additional 159,785 shares during the quarter. IFP Advisors Inc’s holdings in Fiserv were worth $15,056,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Burns Matteson Capital Management LLC purchased a new position in Fiserv during the third quarter worth about $558,000. TD Waterhouse Canada Inc. increased its position in shares of Fiserv by 28.2% during the third quarter. TD Waterhouse Canada Inc. now owns 96,523 shares of the business services provider’s stock valued at $4,385,000 after acquiring an additional 21,227 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Fiserv by 69.1% in the 3rd quarter. Chemistry Wealth Management LLC now owns 14,023 shares of the business services provider’s stock valued at $634,000 after acquiring an additional 5,729 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Fiserv by 11.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 17,460 shares of the business services provider’s stock valued at $789,000 after acquiring an additional 1,772 shares during the period. Finally, Retirement Planning Co of New England Inc. raised its stake in shares of Fiserv by 33.5% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 39,663 shares of the business services provider’s stock valued at $1,792,000 after acquiring an additional 9,961 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NASDAQ FISV opened at $47.55 on Friday. The company has a market cap of $25.29 billion, a P/E ratio of 9.13, a P/E/G ratio of 4.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $49.44 and a two-hundred day moving average of $52.76. Fiserv, Inc. has a 1-year low of $43.87 and a 1-year high of $128.78.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The company’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Fiserv, Inc. will post 7.25 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of several recent analyst reports. TD Cowen decreased their price objective on shares of Fiserv from $55.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Citigroup cut their target price on Fiserv from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $69.17.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.