Woodstock Corp boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 2.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,121 shares of the business services provider’s stock after purchasing an additional 1,195 shares during the quarter. Woodstock Corp’s holdings in Fiserv were worth $4,795,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Virtus ETF Advisers LLC bought a new position in shares of Fiserv during the fourth quarter valued at $32,000. Stephenson National Bank & Trust purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $36,000. Harwood Advisory Group LLC purchased a new stake in Fiserv in the first quarter worth approximately $39,000. Westside Investment Management Inc. purchased a new stake in Fiserv during the 1st quarter valued at $40,000. Finally, MBE Wealth Management LLC purchased a new stake in Fiserv during the first quarter valued at $40,000. 93.02% of the stock is owned by institutional investors.
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Fiserv from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Friday, March 27th. Wells Fargo & Co raised their price objective on Fiserv from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley lifted their price target on shares of Fiserv from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Rosenblatt Securities reiterated a “hold” rating and set a $107.00 price objective on shares of Fiserv in a research report on Thursday, May 7th. Finally, Canaccord Genuity cut their target price on shares of Fiserv from $152.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $121.36.
FISV traded up $0.03 on Tuesday, reaching $98.14. 102,177 shares of the stock were exchanged, compared to its average volume of 5,144,523. The company’s 50-day moving average price is $102.59 and its 200 day moving average price is $106.72. The firm has a market capitalization of $65.68 billion, a PE ratio of 54.03, a PEG ratio of 1.72 and a beta of 0.83. Fiserv Inc has a fifty-two week low of $73.50 and a fifty-two week high of $125.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. Fiserv’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. As a group, equities analysts forecast that Fiserv Inc will post 4.41 earnings per share for the current fiscal year.
In related news, Director Alison Davis sold 4,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $99.64, for a total value of $398,560.00. Following the completion of the sale, the director now directly owns 8,971 shares of the company’s stock, valued at $893,870.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total transaction of $31,434,000.00. Following the completion of the transaction, the chief executive officer now owns 357,023 shares of the company’s stock, valued at approximately $37,408,869.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 407,996 shares of company stock valued at $42,532,359. Company insiders own 1.60% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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