28,188 Shares in Fiserv, Inc. $FISV Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, HoldingsChannel reports. The fund acquired 28,188 shares of the business services provider’s stock, valued at approximately $1,383,000.

Other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Fiserv in the 2nd quarter worth about $55,000. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv in the fourth quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Tripletail Wealth Management LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Finally, Kimelman & Baird LLC purchased a new position in Fiserv in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FISV shares. Morgan Stanley set a $59.00 target price on shares of Fiserv in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a research report on Friday, August 7th. Rothschild & Co Redburn lowered their price target on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price objective (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Finally, B. Riley Financial reduced their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.20.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Fiserv Trading Up 1.1%

Shares of FISV stock opened at $53.18 on Friday. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $138.85. The company has a 50 day moving average price of $51.76 and a 200 day moving average price of $55.60. The stock has a market capitalization of $28.28 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 4.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv’s revenue was down 4.1% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Fiserv Company 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.